Question
ccrc
Taxpayer entered a ccrc, residence agreement shows payment of $1,400,000, with 90% refundable to her or heirs. CCRC memo says , for med deduction, baseline is $678,000.Med ratio is 32% She wants to deduct 32% of $678,000. AI says only non refundable 10% is eligible. 10% times $678,000 times 32%. Big difference Of $50,000 refund. Which is correct position.
