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Discussion Question 10-6 (Algorithmic) (10.2) Jayden, a calendar year taxpayer, pald $19,200 in medical expenses and sustained a $23,040 castalty loss in 2021 (the loss
Discussion Question 10-6 (Algorithmic) (10.2) Jayden, a calendar year taxpayer, pald $19,200 in medical expenses and sustained a $23,040 castalty loss in 2021 (the loss occurred in a Federally declared disaster area). He expects $13,440 of the medical expenses and $16,128 of the casualty loss to be reimbursed by insurance companies in 2022. How much can layden include in determining his itemized deductions for 20217 Disregard \&-of-AGI limitations or casuaity loss floor in determining your answers. Before considering any limitations (or reductions) on deductions, Jayden can include s of the medical expenses and X of the casualty loss when determining his itemized deductions in 2021. Feedonck: T Check My Wook Regardless of a taxpayer's mathod of accounting, medical expenses are deductible only in the year paid. fn effect, thls places all individear taxpayers on a canh batsis as far as the medical expense deduction is concerned
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