The Assisted Living Tax Loophole: How to Deduct 100% of Rent as a Medical Expense скачать в хорошем качестве

The Assisted Living Tax Loophole: How to Deduct 100% of Rent as a Medical Expense

Assisted Living Rent is normally a non-deductible "personal expense." But if you trigger IRS Section 7702B by obtaining a "Chronically Ill" certification, the entire $100,000+ cost—including room and board—becomes tax-deductible. As The Finance Observer, I’ve performed a forensic review of the Estate of Baral v. Commissioner court case. In this video, we dissect the Plan of Care requirement, the 7.5% AGI Floor, and the exact language your doctor must use ("Substantial Assistance") to turn rent into a tax shield. 🔴 SUBSCRIBE FOR WEEKLY FINANCIAL DEFENSE: Protect your legacy from corporate erosion and hidden tax traps.    / @the-finance-observer   FORENSIC BREAKDOWN: 0:00 The $100,000 Problem: Why Rent isn't usually deductible 1:40 The 2026 Hurdle: Overcoming the $47,500 Standard Deduction 2:50 The Solution: Section 7702B "Chronically Ill" Explained 4:00 ADL Test vs. Cognitive Impairment (The Memory Care Key) 5:00 Estate of Baral Precedent: How the courts ruled on supervision 6:00 The "Plan of Care": Why a facility assessment isn't enough 7:45 The Math: How to pay $0 Federal Tax on $60k income 8:55 The 4-Step Action Plan DISCLAIMER: I am The Finance Observer. This content is for educational purposes only. Medical tax deductions are high-audit items; always consult a qualified CPA.