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mlmilling
New Member

I received a monetary gift, I have medical expenses that exceed 7.5% of my AGI, do I have to subtract my gift from my excess expenses before I can claim my deduction?

 
1 Reply
DoninGA
Level 15

I received a monetary gift, I have medical expenses that exceed 7.5% of my AGI, do I have to subtract my gift from my excess expenses before I can claim my deduction?

If the gift was received from an individual then the gift is not reported on a tax return, regardless of the amount received.

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