1) Answer T or F for the following
a) Medical expenses for the year are to be reduced by anyinsurance reimbursement that is expected to be received in thefuture in order to arrive at the current deduction.
b) The full-cost of home-related capital expenditures paid toenable a physically disabled individual to live independentlyqualifies as a medical expense, but is still subject to the 10% ofAGI floor limitation.
c) Appraisal costs associated with determining the increase invalue of a residence due to capital expenditures undertaken formedical reasons are deductible as a medical expense.
d) If the seller of a residence during the year pays more thanher prorate share of the real estate taxes, the buyer must increasehis basis in the home by the "excess".
e) When arriving at the taxpayer's net investment income incalculating the deduction for investment interest expense for theyear, miscellaneous "investment expenses" are disallowed before anynon-investment expenses when applying the 2% of AGI floor.
f) points paid to refinance an existing home mortgage are fullydeductible in the year of payment.
g) A taxpayer who gives cash directly to a needy individual willbe able to claim a charitable contribution, subject to AGIlimits.
h) No deduction is allowed for the value of one's servicescontributed to a charity.
