Re: stair lift - medical deduction?

Jun 28, 2007 3 Replies


> I am having a stair lift installed. My doctor will be


>> signing a form of medical necessity so that I don't have to
>> pay state taxes.
>>
>> Is this a medical deduction for federal taxes?
> When you say state taxes, do you mean state sales tax? or
> income tax? or something else?
>
> It may be a federal tax deduction as an itemized expense.
> But you have to be careful in this area if what you are
> doing increases the value of the house.
>
> You should consult your own CPA/tax advisor exactly how this
> works in your situation.

I mean state sales tax.



I was told by a realtor that if anything it will decrease the value of my home because it is an eyesore. Moderator: Getting tax advice from a realtor is like getting medical advice from a bartender.



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As they say at the self-service hospital, suture-self.

Stu

However, getting real estate valuation from a realtor isn't such a bad idea. (I'd still get something in writing from an appraiser, just to be safe; also, if the value has dropped, that can be provided to the real estate tax office to lower those taxes.) Seth

unless of course the bar's "Doc" prescribes an 18 year old Macallan versus that rotgut you drink! (grin) ChEAr$, Harlan Lunsford, EA n LA

Moderator: My apologies. In a moment of thinking taxes, my mind failed to recall that alcohol is for medicinal purposes.

Rotgut? Stone Brewing in Kal-E-forn-ya make a fabulous India Pale Ale they named with you and me in mind - Arrogant Bastard Ale. It's worth the price!

It's heavily hopped and thick with malt. You can have a pint and call it lunch!

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