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lost*in*cyberspace said: â. No you cannot take a tax deduction because you have allergies and want hardwood floors. You might want to familiarize yourself with IRS Pub 502. For medical expenses which are deductible, you can only deduct those expenses which are 7.5% or more of your annual gross income (AGI).http://www.irs.gov/publications/p502/ar02.html#en_US_publink1000178851. See Capital Expenses. It's best not to rely on your physician for tax advice.ost*in*cyberspace said: â. No you cannot take a tax deduction because you have allergies and want hardwood floors. You might want to familiarize yourself with IRS Pub 502. For medical expenses which are deductible, you can only deduct those expenses which are 7.5% or more of your annual gross income (AGI).
How to make the election. You elect to deduct exploration costs by taking the deduction on your income tax return, or on an amended income tax return, for the first tax year for which you wish to deduct the costs paid or incurred during the tax year.or more information on start-up and organizational costs, see chapter 8. How to make the election. You elect to deduct the start-up or organizational costs by claiming the deduction on your income tax return (filed by the due date including extensions) for the tax year in which the active trade or business begins.