If I took out a cosmetic loan like creditcare, would I have to mention it on my taxes?

15jasmine · ‎May 31, 2019

DS30 · ‎May 31, 2019

No, that information is not required to be reported on your tax return. Any interest payments on this type of loan will be considered personal and not deductible.

Additionally, you will not be able to claim a medical deduction for any elective medical surgery or procedures.

View solution in original post

DS30 · ‎May 31, 2019

No, that information is not required to be reported on your tax return. Any interest payments on this type of loan will be considered personal and not deductible.

Additionally, you will not be able to claim a medical deduction for any elective medical surgery or procedures.

If I took out a cosmetic loan like creditcare, would I have to mention it on my taxes?