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Piddlin
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Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

I had a surgery to cure Erectile Dysfunction that was not covered by Insurance. I paid out of pocket. I did not pay the Dr. or Hospital directly. I paid a 3rd party broker that arranged everything. I am I still able to deduct the cost or a portion of it?

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9 Replies

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

A broker arranged your medical care? Was this overseas?
Piddlin
New Member

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

No a
A
ctually, it was here in the US. Did not have to coordinate  anything, they handled it all. Even provided complication insurance which was nice to have.  Company specializing in surgeries that people don’t have insurance coverage for.   All things considered very reasonable price and beyond excellent service.

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

Medical care expenses include payments for the diagnosis, cure, mitigation, treatment, or prevention of disease, or payments for treatments affecting any structure or function of the body.

Deductible medical expenses may include but aren't limited to the following:

Payments of fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, and nontraditional medical practitioners


Payments for in-patient hospital care or residential nursing home care, if the availability of medical care is the principal reason for being in the nursing home, including the cost of meals and lodging charged by the hospital or nursing home. If the availability of medical care isn't the principal reason for residence in the nursing home, the deduction is limited to that part of the cost that's for medical care.


Payments for acupuncture treatments or inpatient treatment at a center for alcohol or drug addiction, for participation in a smoking-cessation program and for drugs to alleviate nicotine withdrawal that require a prescription

https://www.irs.gov/taxtopics/tc502.html

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

But you cannot claim any "broker" fees, commissions, or interest....just the amount actually paid for the medical care.

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical expenses that will count toward itemization for someone under 65 is the amount that is OVER 10% of your adjusted gross income; for someone 65 or older it would be the amount over 7.5% of your AGI.  

You should only enter the amount that you paid in 2016—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.

To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

and the 2017 threshold is 10% for all ages.

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

OP did not indicate whether they are working on 2016 or  thinking ahead to 2017
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Piddlin
New Member

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

It will be for this year, 2017

Had a surgery to cure Erectile Dysfunction. I paid out of pocket.3rd party broker that arranged everything. Can still able to deduct the cost or a portion of it?

Then the threshold  for medical expenses is amounts that are over 10% of your AGI, no matter what your age is.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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