You bought a house in 2004 for $150,000. Sadly, you suffered an injury. Your doctor prescribes water aerobics as your therapy and prescribes building a pool. You spend $31,000 to build the pool. Because you built the pool your house now appraises for $165,000. Assume all of your other injury related costs were covered by your health insurance, which you pay $4,400 a year for. 

If your AGI is $200,000, what is your allowable medical expense deduction?

Answer rating: 100% (QA)

To calculate your allowable medical expense deduction we need to determine the eligible medical e... View the full answer