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Retirement tax questions
OK, so since you retired on disability after the minimum retirement age for your plan, then your pension should be reported on lines 5a and 5b (see instructions just above).
Of course, since your pension isn't taxable, line 5a has $40,000 (or whatever) and line 5b has 0. And since you can't take $3,000 from 0, you don't see the $3,000 anywhere. The health insurance premium is against taxable pension (line 5a), and since you don't have any, the $3,000 does not appear anywhere.
I don't know if this was an unintended consequence, but that is the way the Tax Code (I.R.C. § 402(l)(5)(A)(i) In General ) reads.
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January 23, 2024
1:16 PM
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