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Level 2
September 25, 2024
Question

1099-R Insurance

  • September 25, 2024
  • 5 replies
  • 53 views

on 1099-R turbo tax form there is a place where it says Medical Insurance premiums deducted on Schedule A

can i put my medical premiums on that even if the issuer didn't fill in that field?

 

    5 replies

    Chslade
    Employee Tax Expert
    Employee Tax Expert
    September 25, 2024

    Hello. Yes, you can deduct medical insurance premiums that you paid for yourself even if it's not on the 1099-R. The portion that isn't deductible is any of the insurance premiums paid by an employer.

     

    Chelsey

    shgAuthor
    Level 2
    September 25, 2024

    Do I show on a 1099-R or just overide the program on the Summary so as to include it?

     

    Chslade
    Employee Tax Expert
    Employee Tax Expert
    September 25, 2024

    You will report the amounts not on the 1099-R, but on the "Deductions & Credits" section. There will be a section for "Medical Expenses."