What is the total amount of medical expenses


Last year, Mr. James was involved in an automobile accident, severely injured his legs. As part of a long-term rehabilitation process, his physician prescribes a daily routine of swimming. Because there is no readily available public facility nearby, James investigates the possibility of either building a pool in his own back yard or purchasing another home with a pool. In the current year he finds a new home with a pool and purchases it for $175,000. He then obtains some estimates and finds that it would cos approximately $20,000 to replace the pool in the he has just purchased. He also obtains some real estate appraisals, which indicate that the existing pool increases the value of the home by only $8,000. During the current year, James also expends $500 in maintaining the pool and $1,800 in other medical expenses. What is the total amount of medical expenses he may claims in the current year? James's AGI for the year is $60,000.

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Accounting Basics: What is the total amount of medical expenses
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