Bernadette suffers from multiple sclerosis and has great difficulty climbing stairs. Upon the recommendation of her physician, she has an elevator chair-system installed in her personal residence. In connection with the system, Bernadette incurs and pays the following amounts during the current year:Doctor and hospital bills$6,700Elevator chair-system19,500Installation charge for elevator chair-system1,500Cost of certified appraisal500 In addition, Bernadette pays $1,350 for prescribed medicines.The system has an estimated useful life of 25 years. The appraisal was to determine the value of Bernadette's residence with and without the system. The appraisal states that her residence was worth $224,000 before the system was installed and $240,000 after the installation. Bernadette's AGI for the year was $83,000.What is the total of her qualifying medical expenses for 2018?$What is her medical expense deduction for the current year?$

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Asked Sep 22, 2019
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Bernadette suffers from multiple sclerosis and has great difficulty climbing stairs. Upon the recommendation of her physician, she has an elevator chair-system installed in her personal residence. In connection with the system, Bernadette incurs and pays the following amounts during the current year:

Doctor and hospital bills $6,700
Elevator chair-system 19,500
Installation charge for elevator chair-system 1,500
Cost of certified appraisal 500

 

In addition, Bernadette pays $1,350 for prescribed medicines.

The system has an estimated useful life of 25 years. The appraisal was to determine the value of Bernadette's residence with and without the system. The appraisal states that her residence was worth $224,000 before the system was installed and $240,000 after the installation. Bernadette's AGI for the year was $83,000.

What is the total of her qualifying medical expenses for 2018?
$

What is her medical expense deduction for the current year?
$

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Expert Answer

Step 1

Medical expenses refer to the amount which has been paid by taxpayer for the expenses of doctor, medicine or for health insurance of himself, spouse or childeren.

Step 2

Calculation of total qualifying medical expenses for 2018 is as follows:

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Amount (S) 6,700 3,500 1,500 1,350 13,050 Particular Doctor & hospital bills Elevator chair system Installation charge for elevator chair system Medicines bills Qualifying medical expenses

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Step 3

Working notes:

$3,500 will be added as qualifying expenses for elevator chair system. As $16,000 of $19,500 cost of system will increase the value of ...

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