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  #5  
Old 09-26-2007, 03:41 AM
Mark Bole
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Default Re: Itemized Deduction

Harlan Lunsford wrote:
- quote -

> Stuart Bronstein wrote:
> > Bill Brown <brownwp[at]longwood.edu> wrote:
> > > Carol EA <rutger...[at]aol.com> wrote:


> > > > Father passed away and Mother is the
> > > > conservator/legal guardian of a minor child. Mother pays
> > > > medical bills out of childs income. Can I deduct that on
> > > > the Mothers tax return?


> > > Nope, it's deductible on the child's return.

[...]

- quote -

> However it should be noted that the OP didn't say whose
> medical bills were paid. If mother's bills were paid out of
> child's income, then no deduction for either mother or the
> child. Only if mother pays out of her funds for child's
> medical bills may she deduct same.


The rules for medical dependents are more relaxed. The
child could possibly take a deduction for mother's bills
paid out of child's income since the mother could be a
qualifying relative for medical purposes if child provided
more than half of mother's support (which of course includes
medical bills). Is mother a blood relative? I was puzzled
by the "conservator/legal guardian" comment.

-Mark Bole

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #4  
Old 09-23-2007, 11:45 PM
Harlan Lunsford
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Default Re: Itemized Deduction

Stuart Bronstein wrote:
- quote -

> Bill Brown <brownwp[at]longwood.edu> wrote:
> > Carol EA <rutger...[at]aol.com> wrote:


> > > Father passed away and Mother is the
> > > conservator/legal guardian of a minor child. Mother pays
> > > medical bills out of childs income. Can I deduct that on
> > > the Mothers tax return?


> > Nope, it's deductible on the child's return.


> Would that make a difference if the child's income is
> subject to the kiddie tax?


Not a bit of difference, Stu. Deductions belong to the
proper taxpayer by the grace of congress.

However it should be noted that the OP didn't say whose
medical bills were paid. If mother's bills were paid out of
child's income, then no deduction for either mother or the
child. Only if mother pays out of her funds for child's
medical bills may she deduct same.

ChEAr$,
Harlan

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #3  
Old 09-23-2007, 11:44 PM
Bill Brown
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Default Re: Itemized Deduction

Stuart Bronstein <spamt...[at]lexregia.com> wrote:
- quote -

> Bill Brown <brow...[at]longwood.edu> wrote:
> > Carol EA <rutger...[at]aol.com> wrote:


> > > Father passed away and Mother is the
> > > conservator/legal guardian of a minor child. Mother pays
> > > medical bills out of childs income. Can I deduct that on
> > > the Mothers tax return?


> > Nope, it's deductible on the child's return.


> Would that make a difference if the child's income is
> subject to the kiddie tax?


Nope, nor would it make a difference if the parents elected
to put the kid's dividend and interest income on their own
tax return.

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 09-21-2007, 02:46 AM
Harlan Lunsford
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Posts: n/a
Default Re: Itemized Deduction - medical

Carol EA wrote:

- quote -

> Father passed away and Mother is the
> conservator/legal guardian of a minor child. Mother pays
> medical bills out of childs income. Can I deduct that on
> the Mothers tax return?


Wow, just when you think you've heard them all!

it's a good question of course. But I would say that only
if the child actually made a gift of the money to the
mother, a hard case to prove, given the state limitations on
minors' actions.

I posed a similar question regarding the possibility of
three sons' giving there parents stocks with capital gains
(when sold in the future), since parents have this humongous
capital loss carry forward and consensus of opinion was
that such a "gift" by minor children just wouldn't be
believable by IRS, nor even permitted under state law.

How is this similar to your case?

See why I think your's is a good question?

ChEAr$,
Harlan Lunsford, EA n LA

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 09-21-2007, 02:46 AM
Stuart Bronstein
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Posts: n/a
Default Re: Itemized Deduction

Bill Brown <brownwp[at]longwood.edu> wrote:
- quote -

> Carol EA <rutger...[at]aol.com> wrote:

> > Father passed away and Mother is the
> > conservator/legal guardian of a minor child. Mother pays
> > medical bills out of childs income. Can I deduct that on
> > the Mothers tax return?


> Nope, it's deductible on the child's return.


Would that make a difference if the child's income is
subject to the kiddie tax?

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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 09-20-2007, 08:48 PM
Bill Brown
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Posts: n/a
Default Re: Itemized Deduction

Carol EA <rutger...[at]aol.com> wrote:

- quote -

> Father passed away and Mother is the
> conservator/legal guardian of a minor child. Mother pays
> medical bills out of childs income. Can I deduct that on
> the Mothers tax return?


Nope, it's deductible on the child's return.

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 09-20-2007, 05:00 AM
Carol EA
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Posts: n/a
Default Itemized Deduction

Father passed away and Mother is the
conservator/legal guardian of a minor child. Mother pays
medical bills out of childs income. Can I deduct that on
the Mothers tax return?

Thanks for your help.

<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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