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Deductions & credits
This has been very helpful. One last thing.
If the IRS questions my medical deductions, will they do a full on audit, or will they just want an explanation and documentation of the deductions?
Since they only allow to deduct the amount over 7.5% (or is it 10%?) of AGI, I'm looking at about a 4 to 5K deduction. Would they bother with an audit for that small of an amount?
If the IRS questions my medical deductions, will they do a full on audit, or will they just want an explanation and documentation of the deductions?
Since they only allow to deduct the amount over 7.5% (or is it 10%?) of AGI, I'm looking at about a 4 to 5K deduction. Would they bother with an audit for that small of an amount?
‎June 4, 2019
4:36 PM