Yes. If you enter the necessary information during the 1099-R interview, TurboTax will compute the deduction for insurance premiums for retired public safety officers (PSOs).
Once you complete the 1099-R interview you may preview your 1040 and scroll down to line 16. You'll see "PSO", the full amount of your pension on line 16a, and the taxable amount of your pension on line16b. (The taxable amount is the full amount less the smaller of $3,000 or the amount of health insurance premiums paid directly from your pension by the plan administrator.)
Click the screenshots below to enlarge them for reference.
This helps but how do you include payments from your pension for long term care, vision, etc. ? In my case, TurboTax references Box 5, which includes only health insurance. Your example would work but it is not offered in my case. Should I provide you some screen shots?
Please submit a new question for your situation. Thank you.
I submitted a new question. Would you please review and provide guidance. Thank you.
What does it mean "select source of distribution and enter other Maryland information. (options are) pickup contribution, active duty military retirement, self-employment retirement income from a plan you established.....before 1967." I retired two years ago from Federal law enforcement. Not sure how to proceed.