Physician to install an elevator in his residence

Reference no: EM13300873

Randy is advised by his physician to install an elevator in his residence, since he is afflicted with heart disease. The cost of installing the elevator is $8000 and has an estimated useful life of 10 years. He installs it in January 2011 and it increases the value of his home by $5000. Disregarding the limitation based on adjusted gross income, how much of the cost of the elevator may he take into account in determining his medical expense deduction for 2011?

Reference no: EM13300873

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