Phillip, age 66, developed hip problems and was unable to climb the stairs to reach his second-floor
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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 $32,000. The increase in the value of the residence as a result of the room addition was determined to be $17,000. In addition, Phillip paid the contractor $5,500 to construct an entrance ramp to his home and $8,500 to widen the hallways to accommodate his wheelchair. Phillip’s AGI for 2016 was $100,000. How much of these expenditures can Phillip deduct as a medical expense in 2016?
a. $14,000
b. $15,000
c. $21,500
d. $29,000
e. None of the above
Related Book For
Physics for Scientists and Engineers A Strategic Approach with Modern Physics
ISBN: 978-0133942651
4th edition
Authors: Randall D. Knight
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