Exercise $5-21($Algorithmic$)($LO$.2)$ Valentino is a patient in a nursing home for $51$ days of $2024.$ While in the nursing home, he incurs total costs of $\backslash (\backslash$$ $25,092\backslash ).$ Medicare pays $\backslash (\backslash$$ $15,055\backslash )$ of the costs. Valentino receives $\backslash (\backslash$$ $27,601\backslash )$ from his long$-$term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Valentino is $\backslash (\backslash$$ $410\backslash ).$ Of the $\backslash (\backslash$$ $27,601\backslash ),$ what amount may Valentino exclude from his gross income? $\backslash$$ X Feedback v Check My Work If an income item is within the all$-$inclusive definition of gross income, the item can be excluded only if the taxpayer can locate specific authority for doing so$.$ Generally, long$-$term care insurance, which covers expenses such as the cost of care in a nursing home, is treated the same as accident and health insurance benefits.