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Deductions & credits
Yes. Enter the correct amount on the form.
If reported on your 1099-R, your insurance premiums will be reported in box 5. This must be entered manually on Schedule A. To deduct medical expenses, you mu
However, you also must be itemizing deductions to see the benefit on your return. This website linked to the IRS provides additional information: 1099-R Pension and Annuity Income - IRS.gov (see the box 5 information in the blurb).
Some states do allow for a health insurance deduction. If your state does, you may see a benefit on your state taxes even though you may not on the federal return.
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‎February 8, 2021
10:08 AM