A doctor recommended Yessica install a wheelchair ramp on her property to help her move...
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Accounting
A doctor recommended Yessica install a wheelchair ramp on her property to help her move freely around her own home. The ramp cost $10,000 and decreased the value of her home by $2,000. Insurance would reimburse 20% of the cost only. How much of the cost is considered a medical expense before the AGI limitation? In your discussion, explain the applicable tax law and compute Yessica's medical expense (show work). Imagine Yessica coming to your office and asking you the question. What would you say to her?
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