Is the profit (long term capital gain) from a sale of a house part of the AGI ?
Is the profit (long term capital gain) from a sale of a house part of the AGI when determining how much medical premiums/costs can be deducted? Under our just our normal income, we get to deduct a fair amount of medical expenses. But we sold our house of 12 years for a good profit last year (which we'll pay long term capital gains on), which we are wondering if it gets added to the total AGI that the 7.5% applies to (which will make us ineligible from having any medical expense deductions)?
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