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#5
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| 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
The rules for medical dependents are more relaxed. The> 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. 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. > << ------------------------------------------------------- > |
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#4
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| Stuart Bronstein wrote: - quote - > Bill Brown <brownwp[at]longwood.edu> wrote:
Not a bit of difference, Stu. Deductions belong to the> > 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? 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. > << ------------------------------------------------------- > |
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#3
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| Stuart Bronstein <spamt...[at]lexregia.com> wrote: - quote - > Bill Brown <brow...[at]longwood.edu> wrote:
Nope, nor would it make a difference if the parents elected> > 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? 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. > << ------------------------------------------------------- > |
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#2
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| Carol EA wrote: - quote - > Father passed away and Mother is the
Wow, just when you think you've heard them all!> conservator/legal guardian of a minor child. Mother pays > medical bills out of childs income. Can I deduct that on > the Mothers tax return? 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. > << ------------------------------------------------------- > |
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#1
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| Bill Brown <brownwp[at]longwood.edu> wrote: - quote - > Carol EA <rutger...[at]aol.com> wrote:
Would that make a difference if the child's income is> > 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. 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. > << ------------------------------------------------------- > |
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| Carol EA <rutger...[at]aol.com> wrote: - quote - > Father passed away and Mother is the
Nope, it's deductible on the child's return.> conservator/legal guardian of a minor child. Mother pays > medical bills out of childs income. Can I deduct that on > the Mothers 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. > << ------------------------------------------------------- > |
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#-1
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| 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. > << ------------------------------------------------------- > |
| Tags |
| deduction, itemized |
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