PAstudent Posted March 3, 2014 Report Share Posted March 3, 2014 Though I am a PA, I had a Professional Student Line of Credit set-up like the ones for med students through RBC. My banker tells me that my monthly payments on it now (they are closed and in repayment) are tax deductible but my accountant is not sure. Anyone here deducting this? How are you doing it? Link to comment Share on other sites More sharing options...
rmorelan Posted March 3, 2014 Report Share Posted March 3, 2014 Though I am a PA, I had a Professional Student Line of Credit set-up like the ones for med students through RBC. My banker tells me that my monthly payments on it now (they are closed and in repayment) are tax deductible but my accountant is not sure. Anyone here deducting this? How are you doing it? my understanding is only government loans are tax deductible. Link to comment Share on other sites More sharing options...
PAstudent Posted March 5, 2014 Author Report Share Posted March 5, 2014 Thanks! :-) Link to comment Share on other sites More sharing options...
bloh Posted March 5, 2014 Report Share Posted March 5, 2014 What was said above is true. However, I'd like to point out that if your accountant can't give you 100% certainty on tax matters you need a new accountant. Link to comment Share on other sites More sharing options...
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