Question
In 2020, Malcolm pays $1,500 for doctor visits, $800 for prescription drugs, $200 for vitamins, $6,500 for skin cancer treatment, and $1,300 for health insurance
In 2020, Malcolm pays $1,500 for doctor visits, $800 for prescription drugs, $200 for vitamins, $6,500 for skin cancer treatment, and $1,300 for health insurance premiums. In November 2021, he learns that he will receive insurance reimbursement of $6,000 for the cancer treatment. Malcolm's 2020 AGI is $15,000. What is Malcom's 2020 medical expense deduction (after any limitation)?
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Strategic Managerial Accounting: Hospitality, Tourism & Events Applications
Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
6th Edition
