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Valentino may exclude how much of the his gross income

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Valentino is a patient in a nursing home for 45 days of 2018. While in the nursing home, he incurs total costs of $13,500. Medicare pays $8,000 of the costs. Valentino receives $15,000 from his long-term care insurance policy, which pays while he is in the facility. Assume that the daily federal statutory amount for Valentino is $360.

Valentino may exclude how much of the $15,000 from his gross income?

Reference no: EM132378971

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