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General: tax deduction for assisted living fees

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      CommentAuthorol don*
    • CommentTimeJan 6th 2012
     
    As I read the rules if LO cannot perform 2 of six,eating,toilet,dressing,bathing,moving from place to place ect an Dr signs statement that patient hasn't been able to perform these simple functions for 90 days then fees are deductable,anyone know for sure or have personal knowledge?This would be a very big deduction considering most ALF charge from $3-6 thousand a month
    • CommentAuthordivvi*
    • CommentTimeJan 6th 2012
     
    thats a tax question i would ask my cpa, each state may vary in requirements.as i hear it there were thousands of new irs rulings of late.
    • CommentAuthormary22033
    • CommentTimeJan 6th 2012
     
    this may have the info you are looking for: http://www.pekdadvocacy.com/documents/financial/HowtoDeductAssistedLivingFacilityCosts.pdf
    • CommentAuthorAdmin
    • CommentTimeJan 6th 2012
     
    Definitely ask your accountant. At our facility, both the Independent Villa residents and the ALF residents receive a yearly letter from the corporate owners as to what percentage of the rent is deductible. It is divided into board, food, medical, etc. Not sure if all facilities do that.

    joang
  5.  
    We were told last year that we could deduct 100% of the costs of the Alzheimers ALF and so we did.
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      CommentAuthorol don*
    • CommentTimeJan 6th 2012
     
    PrisR did ya have a statement from Dr about what LO could or could not do?
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    No, we just entered it with the medical deductions.
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    You know, I guess I did call the facility and ask when they were going to send the statement showing how much was deductible and they said they didn't send anything because it was ALL deductible. Also, DH's daughter, who was a CPA, does our taxes and checks everything out very carefully.
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      CommentAuthorol don*
    • CommentTimeJan 10th 2012
     
    Thanks for the info,will pass iton to my CPA,last year she didn't think LO qualified,this year is a differant story thanks again
  10.  
    Was told by my DIL, a tax consultant, that all expenses above rent was tax deductible for my sister in ALF. she doesn't have az she does need assistance with bathing and they dispense all her meds.
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    I believe that an Alzheimers ALF is in a different category. When admitted they are already at the stage where much care is needed. Much different from the regular ALF.

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