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lboydjdd
Level 2
April 2, 2020
Solved

1098-T Forms Offsetting Future Income for Medical Residency?

  • April 2, 2020
  • 3 replies
  • 26 views

I have a client that is telling me that in Canada the expenses you paid for tuition (total of all 1098-T forms) can be used to offset your future income in your residency.  He is asking if the USA has the same deal.  I have never heard of this being applicable here in the US.  Has anyone heard any different?

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Best answer by abctax55

No.

3 replies

IRonMaN
Level 15
April 2, 2020

He better stay in Canada

Slava Ukraini!
abctax55
abctax55Answer
Level 15
April 2, 2020

No.

HumanKind... Be Both
BobKamman
Level 15
April 2, 2020

There are a myriad of programs that offer loan forgiveness and/or repayment to doctors and other healthcare workers.

https://www.aafp.org/medical-school-residency/medical-school/debt/funding/forgiveness.html