Interest on medical

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  • bekzm
    Senior Member
    • Jan 2008
    • 155

    #1

    Interest on medical

    Does anyone know if paid they claim interest on what was owed on the medical due to being turned over to collection agency - past years due - that can deduct as medical????
    Interest - how fun this time of year.
    Not many more days guys
  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #2
    As far I as know interest for medical debt is personal interest and therefor not deductible.

    Comment

    • ChEAr$
      Senior Member
      • Dec 2005
      • 3872

      #3
      Concur

      Originally posted by Gretel
      As far I as know interest for medical debt is personal interest and therefor not deductible.
      Can't convert non deductible interest into a medical expense.
      ChEAr$,
      Harlan Lunsford, EA n LA

      Comment

      • bekzm
        Senior Member
        • Jan 2008
        • 155

        #4
        Thanks

        I didn't take it but just wanted to make sure. Didn't think so - but to hear the clients - man - when tired - anything sounds good till wake up and it is like - no....no can do.
        Thanks for answering.

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