I think the answer is misleading. MOST continuing care retirement communities have a substantial part (15%-50%) of their upfront buyin fees and their monthly service fees qualifying for a deduction as a prepaid medical expense. Each such community can tell you the percentage for its own situation as the inputs for their calculations vary from place to place. This is a simplistic answer to a complex issue as not only does the IRS code speak to it but so do private letrer rulings that maybe precedents and court cases as well. I have yet to locate any person or accounting firm that are experts. The main question for TurboTax is where to itemize any deduction for which you are entited. As an insurance premium or as a medical facility fee? T
