Long-Term Care and Medical Expenses

Deductibility of long-term medical care services. The costs of qualified long-term care, including nursing home care, are deductible as medical expenses to the extent they, along with other medical expenses, exceed 10% of adjusted gross income (AGI). For 2018, the...

Renting a Home to a Relative

Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating costs. This is because you will be entitled to a depreciation deduction for your cost of the house or apartment (except for the portion...

DMJ’s e-blast April 2018

The April newsletter features articles on Tax Breaks for Those Who Do Volunteer Work for Charity and an article about donating property to a charity and what is required. April’s newsletter also includes an invitation to Mike Gillis’s Succession & Exit...