Question: 25. Phillip, age 66, developed hip problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add
25. Phillip, age 66, developed hip problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first-floor bedroom to his home. The cost of constructing the room was s increase in the value of the residence as a result of the room addition was determined to be $17 Phillip paid the contractor $5,500 32,000. The 000. In addition, to construct an entrance ramp to his home and $8,500 to widen the hallways to accommodate his wheelchair. Phillip's AGI for 2018 was $75,000. How much of these expenditures can as a medical expense in 2018? a. $14,000 b. $15,000 c$23,375 d. $29,000 e. None of the above
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