The IRS does not require that the insurance premium be in box 5 on the 1099-R to deduct it. See IRS Pub 575, page 6.
<a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p575.pdf">https://www.irs.gov/pub/irs-pdf/p575.pdf</a>
It will be reduce the taxable amount on the 1040 form line 16b with "PSO" next to it (line 12 on 1040A).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
