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What amount may Valentino exclude from his gross income

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Problem - Valentino is a patient in a nursing home for 45 days of 2019. 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 Federal daily excludible amount for Valentino is $370. Of the $15,000, what amount may Valentino exclude from his gross income?

Reference no: EM132655524

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