You bought a house in 2004 for $150,000. Sadly, you suffered an injury. Your doctor prescribes water
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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?
Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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