I am deducting the medical fees I paid for my mother, who is 78 and living in her own home, with my itemized medical expenses (I qualify to do this). I’m 55 years old. For 2013, do I apply the 10%- or 7.5%-of-adjusted-gross-income threshold?

Appreciation in value

Increase in value of property due to market conditions. When you sell appreciated property, you pay tax on the appreciation since the date of purchase. When you donate appreciated property held long term, you may generally deduct the appreciated value.