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Where do I apply my health Ins premiums taken out of retirement but have no proof.

On medicare all of 2022.

Also have Ins premiums taken out of retirement . 

Where do I apply premiums I paid out all year on my taxes?

They don't show anything on my 1099-R neither. 

Sch A isn't used because Standard is higher.

But, I do a Sch F. 

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5 Replies
JulieS
Expert Alumni

Where do I apply my health Ins premiums taken out of retirement but have no proof.

Yes, both your Medicare premiums and the premiums that you pay from your retirement income (assuming they are included in your taxable benefits), are eligible to be deducted as self-employed health insurance or as medical expenses. 

 

Since you have a Schedule F and normally do not itemize, you should enter this as self-employed health insurance. 

 

This is where you enter it:

  1. Select Federal on the left side menu.
  2. Click Wages & Income.
  3. Click Add/Edit to the right of your Farm entry.
  4. When you get to the Farm Summary, click Edit to the right of your Farm.
  5. Scroll down to Farm Expenses and click Start or Update to the right of Common farming expenses.
  6. Continue until you get to Report Health Insurance Premiums, enter your premiums here. 

 

This deduction is subject to income limits, so if you have a loss on your farm, your deduction will be $0. Click here to learn more. 


 

 

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Where do I apply my health Ins premiums taken out of retirement but have no proof.

When I applied my health Ins premium on my Sch F it took it to Sch 1 but line 17 and total on the page is zero .

So nothing is counting.

Also. It didn't effect my (Losses) on Sch F .

Also, it didn't lower what I owe on taxes .

ThomasM125
Expert Alumni

Where do I apply my health Ins premiums taken out of retirement but have no proof.

Line 17 of schedule 1 is where the self-employed health insurance deduction you mention should show on your tax return. You can't deduct the health insurance if you have a loss on your farm activity, however, so I beleive that is why you are not getting the deduction.

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Where do I apply my health Ins premiums taken out of retirement but have no proof.

So there is know other way to report my health Ins premiums if I can't use Sch A, & Sch F has  (Losses).

JulieS
Expert Alumni

Where do I apply my health Ins premiums taken out of retirement but have no proof.

Yes, that is correct. 

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