Is 1099-R Code W box 7; amount box 8 a medical deduction?

[saksuakcabm]

1099-R Code W box 7; amount box 8.  Is this amount "charges or payments for purchasing qualified long term care insurance contracts under combined arrangements" deductible as gross long-term care premiums under medical expenses?  Thanks.

[AmyC · Accepted solution]

The IRS on code W: Use Code W for charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements that are excludable under section 72(e)(11) against the cash value of an annuity contract or the cash surrender value of a life insurance contract.

This means the premium is not an out of pocket expense and is not deductible under Long Term Care.