In 2019, Gregory receives a reimbursement for last year's medical expenses of $1,200. As a result, Gregory must
A review of the 2018 tax file of Gregory, a single taxpayer who is age 40, provides the following information regarding Gregory's 2018 tax status:
A) include $200 in gross income for 2019.
B) include $1,200 in gross income for 2018.
C) reduce 2018's medical expenses by $1,200.
D) amend the 2018 return.
A) include $200 in gross income for 2019.
Include in 2018's income the lesser of the reimbursement or to the extent the tax benefit received in 2018.
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