Although tax breaks for entry fees (and sometimes monthly fees) at retirement communities have recently come under increased scrutiny numerous IRS rulings establish the deductibility of such charges when they reflect true medical expenses and/or skilled nursing care as opposed to personal care or non-health care related services. Here is how one financial advisor is integrating this sometimes substantial deduction into his planning process:
https://online.wsj.com/news/articles/SB10001424052702303281504579221852258435322?cb=logged0.03684894205071032&cb=logged0.39032308920286596
FREE Detailed Profile Reports on CCRCs/Life Plan Communities
Search Communities
