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Old 11-19-2012, 01:18 PM
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Spiritwalker42 Spiritwalker42 is offline
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Default Overseas surgery and medical expense tax deductions?

Hello All,

I am curious to hear if anyone has been successful deducting rather large amounts of medical.expenses when getting procedures overseas? In Virginia in order to deduct your expenses must be 7.5% (might be going to 10% this tax season) of your AIG.....

When I got my neck fixed a few years ago, I was able to deduct 15k off of my taxable income.... I wonder if it is possible to do a strait deduction in the realms of 35k?

Ken, ;-)
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-Started competitive Cycling in '89
-Ti Cage Fusion @C6-C7 in '02,
-Bad snowboard accident in '04.
-'04-07 picked up cycling training and racing frequency
-upgraded to Semi-Pro MTB in '07
-Got hit by car from behind while on training ride in '07... Herniated C5-C6
-Got Prodisc-C in '08 @C5-C6
-Back to Racing in '10-'11, Raced Elite/Pro classes...
-2012 Major issues lower lumbar from wreck in '04...
-Dealing S1-L3 DDD.
-Pain,Limited activities, loosing sleep
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Old 11-19-2012, 05:38 PM
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i had an accountant do it, but i deducted mine
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had recurrent annular tear L5/S1, failed everything
M6L done 10/19/11 w/ Dr Clavel getting back to my old self more and more every week!
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The content herein represents my professional thought and opinions in a general sense only; they do not constitute professional advice or services. if you need medical advice, please consult a licensed physician.
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Old 11-19-2012, 05:44 PM
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Quote:
Originally Posted by laid up doc View Post
i had an accountant do it, but i deducted mine
Nice, thank you for the reply!

I did it back in '08 but not at the amount that I could be looking at this time. My hope is that the amount deductible doesn't decline by percentage after you hit a certain amount or what not. I tried to get into TurboTax last night but the site won't be up and ready until Dec 5th...

thanks, Ken
__________________
-Started competitive Cycling in '89
-Ti Cage Fusion @C6-C7 in '02,
-Bad snowboard accident in '04.
-'04-07 picked up cycling training and racing frequency
-upgraded to Semi-Pro MTB in '07
-Got hit by car from behind while on training ride in '07... Herniated C5-C6
-Got Prodisc-C in '08 @C5-C6
-Back to Racing in '10-'11, Raced Elite/Pro classes...
-2012 Major issues lower lumbar from wreck in '04...
-Dealing S1-L3 DDD.
-Pain,Limited activities, loosing sleep
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Old 11-19-2012, 06:21 PM
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laid up doc laid up doc is offline
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i am no tax expert, but it looked like it came straight off.

my income for 2011 was less than half of normal so i hit the cutoff easily and it looks like it was a straight deduction.

good luck.
__________________
US non-spine MD - laid up no more!!!
had recurrent annular tear L5/S1, failed everything
M6L done 10/19/11 w/ Dr Clavel getting back to my old self more and more every week!
laidupdoc@gmail.com if my PM box is full

The content herein represents my professional thought and opinions in a general sense only; they do not constitute professional advice or services. if you need medical advice, please consult a licensed physician.
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  #5  
Old 11-19-2012, 07:43 PM
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Spiritwalker42 Spiritwalker42 is offline
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That's great! Glad to hear...

Thank you, Ken
__________________
-Started competitive Cycling in '89
-Ti Cage Fusion @C6-C7 in '02,
-Bad snowboard accident in '04.
-'04-07 picked up cycling training and racing frequency
-upgraded to Semi-Pro MTB in '07
-Got hit by car from behind while on training ride in '07... Herniated C5-C6
-Got Prodisc-C in '08 @C5-C6
-Back to Racing in '10-'11, Raced Elite/Pro classes...
-2012 Major issues lower lumbar from wreck in '04...
-Dealing S1-L3 DDD.
-Pain,Limited activities, loosing sleep
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Old 11-19-2012, 08:12 PM
2Confused 2Confused is offline
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We spoke with our accountant about it & she indicated that we can deduct. Too bad my income is "off" this year due to neck and me not working my butt off like I normally do!
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Old 11-20-2012, 08:27 PM
annapurna annapurna is offline
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We've ended up deducting overseas medical expenses for a number of years and have built a routine for doing it. Get the receipt of whatever sort for the procedure. Get a printout that shows the current exchange rate for foreign currency to US dollars. Make sure you include whatever fees you paid to the credit card company or bank transfer agencies. Remember that you can deduct for hotel and travel expense for the patient only, not any accompanying people. Be careful about tacking "touristy" on to your medical trip to make it easy to justify to the IRS that you traveled for medical and happened to take time to see something rather than you traveled for tourism and happened to get a medical procedure done. Consider getting some kind of CV or discussion about your surgeon's experience to point out why it was important for you to travel to get work done by them. The latter is less important but could be useful if you get into an argument over why you traveled.
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Laura - L5S1 Charitee
C5/6 and 6/7 Prodisc C
Facet problems L4-S1
General joint hypermobility

Jim - minor C5-6 instability and facet damage, currently using regenerative medicine to address

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Old 11-20-2012, 08:33 PM
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you can only deduct a certain $ amount per day for hotel expenses
other medical stuff you can deduct per my accountant (check w/ an accountant or tax resource obviously):
- mileage to/from dr appointments
- copays/deductibles
- actually i was told i could deduct my friend's airfare b/c i needed a companion
__________________
US non-spine MD - laid up no more!!!
had recurrent annular tear L5/S1, failed everything
M6L done 10/19/11 w/ Dr Clavel getting back to my old self more and more every week!
laidupdoc@gmail.com if my PM box is full

The content herein represents my professional thought and opinions in a general sense only; they do not constitute professional advice or services. if you need medical advice, please consult a licensed physician.
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  #9  
Old 11-20-2012, 09:21 PM
annapurna annapurna is offline
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IRS stipulates that travel for medical professionals only can be deducted along with the patient's travel expenses. I would imagine that it's a grey area if you were ordered by the surgeon to have assistance with your travel but it would be a really good idea to document that order.

Hotel expenses were deductible to $50/night. Pretty much the only thing that's really questionable from IRS's standpoint is OTCs and supplements.
__________________
Laura - L5S1 Charitee
C5/6 and 6/7 Prodisc C
Facet problems L4-S1
General joint hypermobility

Jim - minor C5-6 instability and facet damage, currently using regenerative medicine to address

"There are many Annapurnas in the lives of men" Maurice Herzog
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