douard suffers from sarcoidosis and has difficulty breathing. Upon the recommendation of his physician, he has...
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Édouard suffers from sarcoidosis and has difficulty breathing. Upon the recommendation of his physician, he has an air purification system installed in his personal residence. In connection with the system, Édouard incurs and pays the following amounts during the current year: Doctor and hospital bills $8,100 Air purification system 5,000 Increase in utility bills due to the system 240 Cost of certified appraisal 400 Health insurance premiums 6,000 In addition, Édouard pays $1,900 for prescribed medicines. The system has an estimated useful life of 10 years. The appraisal was to determine the value of Édouard's residence with and without the system. The appraisal states that his residence was worth $145,000 before the system was installed and $150,000 after the installation. Édouard's AGI for the year was $92,000. What is the total of his qualifying medical expenses for 2018? What is his medical expense deduction for the current year? Édouard suffers from sarcoidosis and has difficulty breathing. Upon the recommendation of his physician, he has an air purification system installed in his personal residence. In connection with the system, Édouard incurs and pays the following amounts during the current year: Doctor and hospital bills $8,100 Air purification system 5,000 Increase in utility bills due to the system 240 Cost of certified appraisal 400 Health insurance premiums 6,000 In addition, Édouard pays $1,900 for prescribed medicines. The system has an estimated useful life of 10 years. The appraisal was to determine the value of Édouard's residence with and without the system. The appraisal states that his residence was worth $145,000 before the system was installed and $150,000 after the installation. Édouard's AGI for the year was $92,000. What is the total of his qualifying medical expenses for 2018? What is his medical expense deduction for the current year?
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1024c Total Qualifying Medical Expenses16640Note 1 ... View the full answer
Related Book For
Accounting
ISBN: 978-0132569309
9th Edition
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
Posted Date:
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