If I entered medical expenses to help reduce my early withdrawal penalty from an IRA, I should not claim them again in the health expenses section. Is that correct?
That is correct. By offsetting the early IRA withrdawal, you are getting the tax benefit so you can't claim again as a deduction on your taxes.
By: pk79
I put some of the medical expenses under Henry's IRA. Do I put them again under decuctions & credits
Yes you put them again in Deductions and Credits as a medical expense. I assume the entry you made in Henry's IRA was to exempt a portion of the IRA withdrawal from the 10% early withdrawal penalty. Entry of the amounts as a medical expense might reduce ordinary taxes.
By: Texas Roger SuperUser
