1099-R Insurance

[shg]

on 1099-R turbo tax form there is a place where it says Medical Insurance premiums deducted on Schedule A

can i put my medical premiums on that even if the issuer didn't fill in that field?

[Chslade]

Hello. Yes, you can deduct medical insurance premiums that you paid for yourself even if it's not on the 1099-R. The portion that isn't deductible is any of the insurance premiums paid by an employer.

Chelsey

[shg]

Do I show on a 1099-R or just overide the program on the Summary so as to include it?

[Chslade]

You will report the amounts not on the 1099-R, but on the "Deductions & Credits" section. There will be a section for "Medical Expenses."

[shg]

on what form is the Deductions and Credits and then Medical Expenses?

[Chslade]

The medical expenses will appear on Schedule A if your deduction is large enough to itemize. Otherwise you'll be taking the standard deduction. If you are taking the standard deduction then you won't have the Schedule A with your tax return.