Medical deductions and benefit

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  • dktax
    Member
    • Apr 2010
    • 73

    #1

    Medical deductions and benefit

    Young client has cancer and received approx. $12000 from benefit. She used all of that money plus approximately $10000 more to pay her medical bills. The benefit monies are gifts and so does she get to use the entire $24000 as a medical deduction?
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Yes, the qualifying medical expenses would all be deductible.

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    • dktax
      Member
      • Apr 2010
      • 73

      #3
      Yes, she personally was given all.

      Want to be able to use but don't want to create any problems for her in the future. She has enough to deal with. Thank you.

      Comment

      • taxea
        Senior Member
        • Nov 2005
        • 4292

        #4
        once she is gifted the money it becomes hers to use for whatever she chooses. If she used it for medical expenses then the expenses are deductible.
        Believe nothing you have not personally researched and verified.

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