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Any tax deduction for BB expenses?

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  1. bedwarrior

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    Posted 10 years ago
    Wed Oct 28 2009 10:50:30
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    It looks as if our $5,000ish (and rising) expenses relating to bedbugs will never be compensated (the hotel where my wife first got bit claims they never found a trace nor are there prior records, and it is thus our word against theirs). Is there any sort of deduction one can take on documented losses due to BB's?

  2. watkinsnewan

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    Posted 10 years ago
    Wed Oct 28 2009 11:41:37
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    The answer could be yes and the answer cold be no just depends.. on how you got the money... did you take out a second on the home...

  3. watkinsnewan

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    Posted 10 years ago
    Wed Oct 28 2009 13:42:11
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    **WARNING DO NOT LIE TO THE IRS**OR TAKE ADVICE FROM SOME STRANGER OFF THE INTERNET WHEN DEALING WITH THE IRS THEY CAN TAKE EVERYTHING YOU OWN DOWN TO YOUR BB INFESTED HOME*****

  4. persona-non-bugga

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    Posted 10 years ago
    Wed Oct 28 2009 15:42:49
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    You can always call the IRS directly and ask them your question.

    The number for individual taxpayers is 1-800-829-1040.

  5. watkinsnewan

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    Posted 10 years ago
    Wed Oct 28 2009 15:54:46
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    The IRS does not MOST of the time know what they are telling you..... you can go to *IRS DOT gov* look under publication 17.........you will get the right answer there for your specific question*****and a lot quicker....
    ***BB TREATMENT IS NOT A TAX RIGHT OFF for your personal*** home.... *** BUT the improvements to your home*** MAY*** be ... it all depends on YOUR specific tax situation and where you stand with your financial situation....

  6. persona-non-bugga

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    Posted 10 years ago
    Wed Oct 28 2009 17:12:31
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    If someone calls the IRS around tax-filing season, it's usually a nightmare wait. But these days, it's quite easy to get through on the phone. They have specialists and a script of questions for gleaning all pertinent facts from the caller, so they can correctly apply the law. I've found them quite helpful.

    It's a free resource. And the advice on this board can be great. But why not have the assurance of getting the answer direct from the authority that will be collecting the taxes?

    it all depends on YOUR specific tax situation and where you stand with your financial situation....

    I very much agree with this. Do bedbug expense qualify as casualty losses for an individual homeowner where the expenses were incurred in their own home? Probably not. Could the cost of bedbug treatment in rental properties be deducted by landlords as maintenance expenses? Probably yes. Varying facts of a situation lead to varying results.

  7. watkinsnewan

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    Posted 10 years ago
    Wed Oct 28 2009 17:31:15
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    **** CAUTION DO NOT TAKE TAX ADVISE FROM A STRANGER OFF THE INTERNET***
    please SEEK the advice of YOUR Tax professional they will know your specific tax situation.....and what you may or may not deduct...
    Persona bug.....you are correct....
    I guess that goes side by side with the self treatment....
    You would not take you car to the meat man to fix.......

  8. Bugbitten Meg

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    Posted 10 years ago
    Wed Oct 28 2009 18:23:24
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    What everybody else already said about the reliability of free tax advice on the internet? Yeah, that... However, in addition to looking at bedbug treatment as a casualty loss, also look into what, exactly, can qualify as a 'medically necessary expense.' IF expenses in bringing a house up to ADA wheelchair compatibility standards (for example) is commonly accepted to be deductable (and that's an if, not a given) then expenses needed to clear an animal to which you experience an allergic reaction from the house may also be deductable on Schedule A.

    Related thoughts, in no particular order:
    -This section of Schedule A usually makes very little difference when you do the math, so check the numbers before getting excited. Probably, it will make no difference (and I say this as someone who just had a thermal treatment. I don't think that, when I computed the floor, I would find it worthwhile for me to even try to expense this.) Do keep track of all other unreimbursed medical/dental expenses for the year too, obviously, plus anything else on Schedule A that might kick in for you.
    -the first person to do this may well be challenged, in fact probably will, if their medical paper trail is not impeccable. Go to the doctor before treatment and establish the medical necessity of this step. In writing.
    -what they said about your tax advisor? Yeah, well, if you're doing this, you do need one. So ask 'em.

  9. persona-non-bugga

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    Posted 10 years ago
    Wed Oct 28 2009 18:53:42
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    also look into what, exactly, can qualify as a 'medically necessary expense.'

    Intriguing!

    (Obviously, I'm not recommending that people do this w/o seeking advice from their tax professional ... but still, intriguing!)

  10. watkinsnewan

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    Posted 10 years ago
    Wed Oct 28 2009 20:22:52
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    I cant wait till some one has the guts to challenge the IRS with this....especially since I have not heard about federal funding for BB .and believe me it will happen.....
    MEG food for thought when you itemize (schedule A) on you federal tax return you have to itemize on your state return as well.. If you are bordering the standard deduction on your federal return or close the Standard deduction you might want to force Itemize so you can be get more back on your state return .Very tricky!!!.....

    if any one in the forums wants to explore ....

    Resources
    Google
    publication 17 ....this will take you to the IRS web site....
    or
    Publication 502.... This will also take you to the IRS website....this publication is more detailed then the publication 17 ........


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