The answer from DaveF is also misleading. A simple Google search for deductibility of continuing care retirement community fees will turn up many entries that contain statements similar to this from Ciccarelli Advisory Services:
" many people who move into a community are missing out on a little-known tax break that could significantly lower your costs. The potential tax-saving benefits of moving into a CCRC are two-fold: (1) a one-time deduction of your entrance fee and (2) an ongoing deduction of your monthly fees.
When you file your taxes for the year, you are allowed to deduct the costs as prepaid medical expenses– even if you live independently at the CCRC and require little to no care. Since the CCRC fees can be quite steep, significant write-offs may be allowed when your out-of-pocket medical expenses surpass 7.5% of your adjusted gross income based on current tax law in 2022."
In other words, you do not need to be undergoing medical care to take the deduction -- it is a prepaid medical expense.
