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Phillip, age 66, developed hip problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first-floor bedroom to his home. The cost of constructing the room was $32,000. The increase in the value of the residence as a result of the room addition was determined to be $17,000. In addition, Phillip paid the contractor $5,500 to construct an entrance ramp to his home and $8,500 to widen the hallways to accommodate his wheelchair. Phillip's AGI for 2018 was $75,000. How much of these expenditures can Phillip deduct as a medical expense in 2018?
Self-actualization
The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.
Tragic Accident
An unexpected and distressing event causing significant harm or loss, often evoking a strong emotional response.
Psychosexual Stage
A concept in Freudian psychology that describes the series of phases of sexual development from infancy to adulthood, each characterized by erogenous zone focus.
Suspicious
The inclination to believe that something may be wrong or that someone may be harmful without certain evidence.
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