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Reload this Page I financed surgery, can I deduct it all this year?

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Old 01-18-2007, 07:10 PM
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I financed surgery, can I deduct it all this year?

What is the name of your state? Kansas

I had gastric bypass surgery in 2006 and financed it through a bank. The doctor was paid all at once in '06, and I have 5 years to repay the loan to the bank. Can I deduct the entire cost of the surgery (the amount financed) on my 2006 taxes, or must I only claim what I actually pay the finance company each year?

Thank you!
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Old 01-18-2007, 09:15 PM
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Join Date: May 2004
Posts: 41,373
Quote:
Originally Posted by ktoffer View Post
What is the name of your state? Kansas

I had gastric bypass surgery in 2006 and financed it through a bank. The doctor was paid all at once in '06, and I have 5 years to repay the loan to the bank. Can I deduct the entire cost of the surgery (the amount financed) on my 2006 taxes, or must I only claim what I actually pay the finance company each year?

Thank you!
That is an interesting scenario....However yes, you can deduct it all for 2006.
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