topic IRA distribution for medical expense, how is this credit applied? in Retirement tax questions

IRA distribution for medical expense, how is this credit applied?

userjgood6812 — Tue, 10 Feb 2026 09:15:00 GMT

Re: IRA distribution for medical expense, how is this credit applied?

DoninGA — Mon, 29 Jan 2024 16:05:20 GMT

If your Form 1099-R has a code of 1 in box 7 and you have entered the Form 1099-R. You will go through several screens after entering the 1099-R. One of the last screens will be labeled These Situations May Lower Your Tax Bill. Enter the amount of your medical expenses, if applicable, in the box labeled - Medical Expenses (in excess of 7.5% of AGI)

Re: IRA distribution for medical expense, how is this credit applied?

TomK2023 — Mon, 29 Jan 2024 16:12:18 GMT

Your 1099-R should show Code 1 in Box 7 - Early distribution (except Roth), no known exception.

You can avoid an early withdrawal penalty if you use the funds to pay unreimbursed medical expenses that are more than 7.5% of your adjusted gross income (AGI).

Re: IRA distribution for medical expense, how is this credit applied?

userjgood6812 — Thu, 01 Feb 2024 13:04:23 GMT

Thank you all for your responses. My question has been answered.

James