How much of the home improvements are deductible

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Reference no: EM132509861

Questions -

Q1. Ginger and Roger spent $9,000 to make improvements to their home to accommodate Ginger's 90-year old father, who they claim as a dependent. These improvements included a wheelchair ramp in the front of the home. The improvements decreased the FMV of the home by $10,000. How much of the home improvements are deductible?

a) $0

b) $1,000

c) $4,500

d) $9,000

Q2. In 2017, Charlotte had to relocate to another city required by her employer. The new home is 800 miles away from her previous home. She paid $5,000 for moving costs and drives her car 800 miles to her new home. She paid $150 for one-night lodging on the trip and meals $50 during the trip. She also received $2,000 reimbursement from her employer. How much is Charlotte's moving expense adjustment?

a) $5,336

b) $3,336

c) $3,286

d) $3,136

Q3. Frank is both an alcoholic and a heavy smoker. If he decided to try to get help with quitting these addictions which of the following medical expenses would be disallowed as a deductible?

a) Inpatient treatment at a drug or alcohol therapeutic center for addiction

b) Travel to Alcoholics Anonymous meetings

c) The expense for a stop-smoking program

d) Over the counter stop-smoking aids

Reference no: EM132509861

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