Jesse is 53 years old and had the following transactions for 2021: $5,500 Medical expenses incurred in 2021 and paid in 2021 Doctor bill incurred in 2020 but not $2,100 paid until 2021 $3,500 Unpaid portion of hospital bill, incurred in 2021 but not paid until 2022 $300 Refund, received in 2021, from a dentist who mistakenly overcharged Jesse for dental work performed and paid in 2020 Jesse has AGI of $50,000 (use 7.5% AGI limit), what are his deductible medical expenses for 2020?

Jesse is 53 years old and had the following transactions for 2021: $5,500 Medical expenses incurred in 2021 and paid in 2021 Doctor bill incurred in 2020 but not $2,100 paid until 2021 $3,500 Unpaid portion of hospital bill, incurred in 2021 but not paid until 2022 $300 Refund, received in 2021, from a dentist who mistakenly overcharged Jesse for dental work performed and paid in 2020 Jesse has AGI of $50,000 (use 7.5% AGI limit), what are his deductible medical expenses for 2020?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter10: Individuals: Income, Deductions, And Credits

Section: Chapter Questions

Problem 3BCRQ

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