Frank, a Widower, Had a Serious Stroke and Is No

question 93

Essay

Frank, a widower, had a serious stroke and is no longer capable of caring for himself. He has three sons, all of whom live in different states. Because they are unable to care for Frank in their homes, his sons have placed him in a nursing home equipped to provide medical and nursing care facilities. Total nursing home expenses amount to $45,000 per year. Of this amount, $18,000 is directly attributable to medical and nursing care.Frank's Social Security benefits are used to pay for $12,000 of the nursing home charges. He has no other income. His sons plan to split the remaining medical expenses equally.
a. What portion of the nursing home charges is potentially deductible as a medical expense?
b. Can you provide Frank's sons with a tax planning idea for maximizing the deduction for his medical expenses?

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Definitions:

Essential Realities

The fundamental truths or facts about something, especially those that form its basis or core.

Daily Sustenance

Essential nutrients and food required by an organism to remain healthy and stay alive on a daily basis.

Philosophical Text

Written works that explore fundamental questions regarding existence, ethics, knowledge, reason, and the mind.

Rig-Veda

An ancient Indian collection of Vedic Sanskrit hymns, one of the four sacred texts (śruti) of Hinduism.