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Posted by Robert C. McRae on March 19, 2008, 9:49 pm
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A retired pro baseball player is deducting nursing home expenses and
recently received an assistance grant from a baseball foundation to help pay
for the nursing home expenses.
Should the grant be considered a reimbursement which reduces the deductible
nursing home expenses or can it be considered a gift with no tax
consequences.
Many thanks,
--
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