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Subject Author Date
Re: stair lift - medical deduction? Jane 06-27-2007
Posted by Jane on June 27, 2007, 10:54 pm
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>> I am having a stair lift installed. My doctor will be
>> signing a form of medical necessity so that I don't have to
>> pay state taxes.
>>
>> Is this a medical deduction for federal taxes?

> When you say state taxes, do you mean state sales tax? or
> income tax? or something else?
>
> It may be a federal tax deduction as an itemized expense.
> But you have to be careful in this area if what you are
> doing increases the value of the house.
>
> You should consult your own CPA/tax advisor exactly how this
> works in your situation.

I mean state sales tax.

I was told by a realtor that if anything it will decrease
the value of my home because it is an eyesore.

Moderator:
Getting tax advice from a realtor is like getting medical
advice from a bartender.

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Posted by Stuart Bronstein on June 29, 2007, 6:08 pm
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> I was told by a realtor that if anything it will decrease
> the value of my home because it is an eyesore.
>
> Moderator:
> Getting tax advice from a realtor is like getting medical
> advice from a bartender.

As they say at the self-service hospital, suture-self.

Stu

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Seth on June 29, 2007, 6:08 pm
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> I was told by a realtor that if anything it will decrease
> the value of my home because it is an eyesore.
>
> Moderator:
> Getting tax advice from a realtor is like getting medical
> advice from a bartender.

However, getting real estate valuation from a realtor isn't
such a bad idea. (I'd still get something in writing from
an appraiser, just to be safe; also, if the value has
dropped, that can be provided to the real estate tax office
to lower those taxes.)

Seth

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Harlan Lunsford on July 9, 2007, 12:31 am
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> Moderator:
> Getting tax advice from a realtor is like getting medical
> advice from a bartender.

unless of course the bar's "Doc" prescribes an 18 year old
Macallan versus that rotgut you drink! (grin)

ChEAr$,
Harlan Lunsford, EA n LA

Moderator:
My apologies. In a moment of thinking taxes, my mind
failed to recall that alcohol is for medicinal purposes.

Rotgut? Stone Brewing in Kal-E-forn-ya make a fabulous
India Pale Ale they named with you and me in mind -
Arrogant Bastard Ale. It's worth the price!

It's heavily hopped and thick with malt. You can have
a pint and call it lunch!

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

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