Discussion:Charitable Contribution/Medical Expenses
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Revision as of 22:25, 4 December 2005
Discussion Forum Index --> Tax Questions --> Charitable Contribution/Medical Expenses
| 4 December 2005 | |
| Well, here's a good one for everyone. Client's son has elected to have "Limb Lengthing" surgery as he is just over 5' tall. Cost of surgery and equipment is over $150,000.00, not to mention travel from home to another state by his parents on a week-to-week basis. My research concludes this is "elective cosmetic surgery" and probably not deductible. However, we do have a letter from a psychiatrist that, while not specifically recommending the surgery" has explained the overwhelming benefits with regard to future psychological problems as the young man grows up. Presently he has already had some major difficulties with the height issue. Initially, my thought was to take the deduction and see what happens, though I am certain the return will be kicked out and IRS will require additional explanation and documentation. Also, the equipment that is used for the procedure is no longer required once the process is completed, so the client wants to donate it to the hospital. I have already counseled him regarding the "Not For Profit" issue with the hospital. My recommendation is to donate it to the Shriner's Hospital (No issue here) and have the equipment appraised prior to donation. What are your thoughts. Thanks, Matt | |
