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Retirement tax questions
Yes, you get a deduction 3K each if you are both retired Public Safety Officers.
When entering the second 1099-R, say 'No' to the question 'Did the Pension Administrator Pay for Health Insurance? so that you will only get a $3,000 deduction for one 1099-R.
Click this link for more info on Retired Public Safety Officer Exclusion.
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‎April 12, 2021
12:52 PM