top of page
Search

2019 – 08/19

Writer's picture: Holly Roundtree CPAHolly Roundtree CPA

A portion of ancestry genetic testing qualifies as medical care, the IRS has stated, and thus some of the costs may be deductible. In a Private Letter Ruling, the IRS allowed a taxpayer to allocate the costs of health services and the DNA collection kit among medical and nonmedical items and services. The price of the kit must be allocated between the ancestry services and the health services using a percentage. The taxpayer may use a reasonable method to value the cost of the health services between medical services (such as the testing at the laboratory) and nonmedical services (such as reports that provide general information as a test result). (PLR 201933005)

2 views0 comments

Commentaires


© 2018 by Holly C Roundtree, CPA, PLLC

Holly C Roundtree, CPA, PLLC


Tel: 972-404-4434

Email: holly_roundtree@hcroundtreecpa.com​

Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

Contact Us
Social Media
Members
bottom of page