16. 17. The cost of cosmetic surgery to correct a deformity arising from a congenital abnormality...

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16. 17. The cost of cosmetic surgery to correct a deformity arising from a congenital abnormality is deductible as a medical itemized deduction. A special assessment imposed on a property owner to cover the cost of a sidewalk improvement in front of the taxpayer's principal residence will generally qualify as a state and local itemized deduction 18. 19. 20. All "necessary" expenses are also "ordinary" expenses under IRC 162. A self-employed individual may deduct qualifying travel expenses incurred in his/her trade or business activity as a deduction "from adjusted gross income." Expenditures of a capital nature made to a residence that are incurred primarily for the medical care of an individual are disallowed if they result in any increase in the market value of the residence. 16. 17. The cost of cosmetic surgery to correct a deformity arising from a congenital abnormality is deductible as a medical itemized deduction. A special assessment imposed on a property owner to cover the cost of a sidewalk improvement in front of the taxpayer's principal residence will generally qualify as a state and local itemized deduction 18. 19. 20. All "necessary" expenses are also "ordinary" expenses under IRC 162. A self-employed individual may deduct qualifying travel expenses incurred in his/her trade or business activity as a deduction "from adjusted gross income." Expenditures of a capital nature made to a residence that are incurred primarily for the medical care of an individual are disallowed if they result in any increase in the market value of the residence.