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rickter-1
New Member

Entering 1099-R info, Line item 5, do I enter my insurance premiums taken out of my pension here?

 
1 Reply
MargaretL
Employee Tax Expert

Entering 1099-R info, Line item 5, do I enter my insurance premiums taken out of my pension here?

You can enter your insurance premiums in box 5 only if they are listed there on the actual form 1099-R.  The form must be entered into the program exactly as it appears.

However, you can enter your insurance premiums as medical expenses if they are paid with post-tax dollars:

  1. Federal Taxes
  2. Deductions and Credits
  3. Scroll down to Medical, select Medical Expenses, enter the total amount for all medical insurance premiums that you paid 
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