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In order to take advantage of the retirement income exclusion on amounts paid for health care premiums (including long term care) you'll need to select the specific box telling TurboTax that you were a Public Safety Officer.
To do this, click on the Federal Taxes tab, select Wages & Income, then scroll down to Retirement Plans & Social Security, and select IRA, 401(k), Pension Plans (1099-R).
After entering your 1099-R information, TurboTax will ask you if this particular retirement income came from employment as a Public Safety Officer. This box will need to be checked "yes" in order to receive the benefit.
same issue here. It appears to be reported correctly on the 1040 form
Review your 1040. "PSO" should be reflected on line 5b with the amount of health insurance premiums reducing the 1099R box 2a amount. You can review your 1040 in the following steps:
The 1099 Series are informational reporting forms submitted to the IRS by third parties. The IRS then matches the form information to your tax return to insure all income is reported and taxed. If you do not include a 1099 received from a third party on your tax return, you will receive a notice from the IRS asking why. This is the CP2000 matching notice. If you receive this notice from the IRS, make sure and respond by the date indicate on the notice.
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