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?
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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