Wayne developed heart problems and was unable to climb the stairs to reach his s

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Wayne developed heart problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first-floor bedroom to his home. The cost of constructing the room was $42,000. The increase in the value of the residence as a result of the room addition was determined to be $18,000. In addition, Wayne paid the contractor $7,500 to construct an entrance ramp to his home and $10,500 to widen the hallways to accommodate his wheelchair. Wayne%u2019s AGI for the year was $120,000. How much of these expenditures can Wayne deduct as a medical expense? Answer
a. $15,000.
b. $24,000.
c. $33,000.
d. $60,000.
e. None of the above. Wayne developed heart problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first-floor bedroom to his home. The cost of constructing the room was $42,000. The increase in the value of the residence as a result of the room addition was determined to be $18,000. In addition, Wayne paid the contractor $7,500 to construct an entrance ramp to his home and $10,500 to widen the hallways to accommodate his wheelchair. Wayne%u2019s AGI for the year was $120,000. How much of these expenditures can Wayne deduct as a medical expense? Wayne developed heart problems and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first-floor bedroom to his home. The cost of constructing the room was $42,000. The increase in the value of the residence as a result of the room addition was determined to be $18,000. In addition, Wayne paid the contractor $7,500 to construct an entrance ramp to his home and $10,500 to widen the hallways to accommodate his wheelchair. Wayne%u2019s AGI for the year was $120,000. How much of these expenditures can Wayne deduct as a medical expense? $15,000. $24,000. $33,000. $60,000. None of the above.
a. $15,000.
b. $24,000.
c. $33,000.
d. $60,000.
e. None of the above.

Explanation / Answer

$24,000. b. $24,000.

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