I and my wife are moving into The Fairfax, a Continuing Care Retirement Community in March. As part of this process, we paid a portion of our Nonrefundable potion of our Entrance Fee in November with the rest due at the closing of our house next month. The Fairfax has stated that a percentage of that entrance fee (30.4%) may be applied as a medical expence along with other qualified expenses on our 2023 tax return. Do you have an opinion on this advice?
