Quote:
Originally posted by Captain Nemo
Gar, with respect to the medical expense question regarding the suicide attempt, I would definitely take the deduction. Treasury Regulation Section 1.213-1(e)(1)(v)(a) states:
"Where an individual is in an institution because his condition is such that the availability of medical care in such institution is a prinicipal reason for his presence there, any meals and lodging are furnished as a necessary incident to such care, the entire cost of medical care and meals and lodging at the institution, which are furnished while the individual requires continual medical care, shall constitute an expense for medical care. For example, medical care includes the entire cost of institutional care for a person who is mentally ill and unsafe when left alone."
The IRS would be hard pressed to claim that provision doesn't apply to a suicide attempt.
p.s., I'm a paid tax professional
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Without spending too much time looking it up, I figured the IRS would allow it too. And by all means, feel free to answer some of these too if you want.