LO.2, 8 Frank, a widower, had a serious stroke and is no longer capable of caring for
Question:
LO.2, 8 Frank, a widower, had a serious stroke and is no longer capable of caring for himself. He has three sons, all of whom live in different states. Because they are unable to care for Frank in their homes, his sons have placed him in a nursing home equipped to provide medical and nursing care. Total nursing home expenses amount to $36,000 per year. Of this amount, $15,000 is directly attributable to medical and nursing care.
Frank’s Social Security benefits are used to pay $10,000 of the nursing home charges.
He has no other income. His sons plan to split the remaining medical expenses equally.
a. What portion of the nursing home charges is potentially deductible as a medical expense?
b. Can you provide Frank’s sons with a tax planning idea for maximizing the deduction for his medical expenses?
Step by Step Answer:
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith