Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
pjhock
New Member

Med exp = $10K, 1099-SA is $2385. The $10K is out of pocket. Does the program deduct the $2385 from $10K? Do I need to boost my expenses to $12385 to make it right?

 
1 Best answer

Accepted Solutions
DDollar
Level 4

Med exp = $10K, 1099-SA is $2385. The $10K is out of pocket. Does the program deduct the $2385 from $10K? Do I need to boost my expenses to $12385 to make it right?

No, it does not deduct the amount.  If you enter the Medicare premiums that were deducted from your Social Security from your 1099-SA it will automatically flow to Schedule A and be included with your medical expense deduction. If you enter $10,000 of medical expenses (in addition to what's on your 1099-SA), you will end up with $12,385 on Schedule A, before it is adjusted for the AGI floor.

View solution in original post

1 Reply
DDollar
Level 4

Med exp = $10K, 1099-SA is $2385. The $10K is out of pocket. Does the program deduct the $2385 from $10K? Do I need to boost my expenses to $12385 to make it right?

No, it does not deduct the amount.  If you enter the Medicare premiums that were deducted from your Social Security from your 1099-SA it will automatically flow to Schedule A and be included with your medical expense deduction. If you enter $10,000 of medical expenses (in addition to what's on your 1099-SA), you will end up with $12,385 on Schedule A, before it is adjusted for the AGI floor.

Dynamic AdsDynamic Ads
Privacy Settings
v