On my 2023 1099, there is an amount indicated as "deemed premium". Is this amount taxable income? The heading says these items not reported to IRS.

[TomK2023]

No.  This "deemed premium" is for your informational purposes; it is not reported to the IRS as ax taxable amount.

Deemed Premium means the premium amount the Participant would have been required to pay on an annual after-tax basis to the Prior Policy during the Premium Period.

[amdail]

To be clear, the amount listed on the line "Other Receipts & Reconciliations-Deemed premium" in the section titled Reconciliations, Fees, Expenses and Expenditures on my Combined 1099 from my broker... has no tax impact and is not input anywhere in TurboTax, correct?

[SusanY1]

Correct.