Question

Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $20,000, and her insurance company paid $5,000 toward its cost. The pool increased the value of Linda’s house by $7,000, and it has a useful life of 10 years. How much of a deduction is Linda entitled to in the year of installation of the pool? $ ________________________
Explain
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$1.99
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  • CreatedJuly 16, 2015
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