Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (926)	4/3/1998 2:10:00 PM
From: Brendan W	Read Replies (1) \| Respond to of 5810

Colin, why is it 10c a mile? Is that a special rate for health driving? Why isn't the 29.5c a mile ... or whatever the current business rate is?

To: Colin Cody who wrote (926)	4/4/1998 1:29:00 AM
From: posthumousone	Read Replies (1) \| Respond to of 5810

f an individual is using there own money to help a parent pay for medical expenses, nursing home care etc. Can that be deducted on Schedule A?... Mileage ? $.10 per mile or actual expense>>>>> what constitutes 50% support.......i suspect since my grandmothers estate is paying for nusing care any expenses my parents incur would not be deductible.......including mileage???? my mom drives almost everyday to grandmother, buy her clothes incidentals, brings her over the house to visit...........does that contitute mileage???? god the rules are tuff to follow...hear is what i copied out of IRS pub. ########################################### You can include in medical expenses the cost of medical care in a nursing home or home for the aged for yourself, your spouse, or your dependents. This includes the cost of meals and lodging in the home if the main reason for being there is to get medical care. Do not include the cost of meals and lodging if the reason for being in the home is personal. You can, however, include in medical expenses the part of the cost that is for medical or nursing care.