dr from ms wrote out rx very medically neccssary for 57 year old to have a pool built she has seizures and cannot drive so this is her phsyical therapy the pool is 4 ft and 5 ft on each side and
2007-04-06 14:53:10 · 5 answers · asked by susan c 1 in Business & Finance ➔ Taxes ➔ United States
Maybe, but NO ONE else can ever use the pool or you lose the deduction.
2007-04-06 14:56:47 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes you can. Its not like the pool was built for several people to swim in, but obviously, by the size, its easy to see its for therapy. Give it a try and stick to your guns.. the IRS gets stupid about things like this. Oh, and there are court cases that have set a precedent on theraputic pools.
2007-04-06 22:05:24 · answer #2 · answered by David L 6 · 0⤊ 0⤋
If it increases the value of your home, then you could only deduct the portion that's above the increase. I'd guess that a pool that size would not increase the value of the home, so as long as the doc prescribed it as medically necessary, you could deduct it as a medical expense. Medical expenses can only be deducted if you itemize, and only the portion of the medical expenses over 7.5% of your AGI may be deducted.
Good luck.
2007-04-10 10:36:16 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
I read the IRS lost on this one when they challenged the deduction in another case.
2007-04-06 22:10:05 · answer #4 · answered by Roger C 5 · 0⤊ 0⤋
yes
2007-04-06 22:00:38 · answer #5 · answered by the fats boys are back 2 · 0⤊ 1⤋