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    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

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

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      #3
      Concur

      Originally posted by Gretel View Post
      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

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        #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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