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April 20, 2014

Homework Help: tax

Posted by Andy on Wednesday, March 7, 2012 at 1:49pm.

Mrs. Gonzales must use a wheelchair. Upon advice from her physician, she installed an elevator and widened the front entrance of her house in 2011, incurring $15,000 and $4,000 in costs, respectively. Mrs. Gonzales originally purchased her house for $152,000. An appraisal showed the fair market value of Mrs. Gonzales' house immediately after these modifications at $162,000. Compute her currently deductible medical expense in regards to these improvements before AGI limitations.
A. $19,000
B. $15,000
C. $9,000
D. $4,000

im getting A

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