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Old 03-30-2011, 10:10 PM
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swimming pool install for medical reasons

I have severe Fibromyalgia and my dr has recommended swimming in a warm water pool for exercise as all other exercise is intolerable. There are no pools near where i live, i live in farm country. my dr. said that i could install a pool and take it as a medical deduction on my taxes.

Is this true? I can not afford a pool without help. Has anyone dealt with this issue before?
Do you get the full amount of the pool?
What do you need from your dr to be able to get this deduction?
Is it automatically approved? If not what do i have to do to get it approved?
Any and all information that you guys can provide me on this issue will be greatly appreciated.



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Old 03-31-2011, 08:26 PM
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“Is this true? Do you get the full amount of the pool?”--> I guess so. As long as the installation of a swimming pool is just one example of a potential tax deductible medical expense; medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. In general, the cost of constructing a swimming pool may be partly deductible as medical expense because the increase in value of the property as a result of the installation of permanent improvements will not be deductible. The medical expense that will be considered as tax deductible will be the cost of constructing the home improvement less the increase in value of the property. The general costs of operating and maintaining the swimming pool for medical purposes will also qualify as medical expenses. You can deduct your medical expenses to the extent they exceed 7.5 percent of your AGI. To calculate your deductible expenses, subtract 0.075 of your AGI from your total medical expenses.
“What do you need from your dr to be able to get this deduction?”---> If they qualify as medical expenses, then you can deduct the expenses 0n 1040 Schedule A line 1 of your federal tax return as long as you itemize your deductions; if you don’t itemize your deductions on Sch A, then you can’t deduct them on your federal return.
“Is it automatically approved? If not what do i have to do to get it approved?”---->The key here is obviously "main purpose." While you can certainly ask your doctor to write you a prescription for a pool, that alone may not sway the IRS. You may carry som eproof.Maybe you should keep some before and after pictures. You should also check your state's sales tax exemption( if your state imposes sale tax on its residnets) for medical equipment. You may be able to buy the pool materials sales tax-free.



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Old 01-23-2013, 11:53 AM
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First of all you have the knowledge about "What's Medical Expenses".Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.
In your case, installation of swimming pool is part of your property tax(Home Improvement).That's not deductible,simple.


above ground Swimming Pools


Last edited by Aidan8100 : 01-28-2013 at 10:08 AM.


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Old 03-26-2013, 04:58 AM
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The most reliable and best exercise is the swimming therefore it is better to take it daily for making the muscles strong and powerful in order to get the better situation by all means.


EMRNEWS


Last edited by Jone harset : 11-08-2013 at 01:32 PM.


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