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is my entire pension taxable

let's say i receive $1000 from pension but $200 goes to buy Health Insurance, which amount is taxable, $1000 or $800 

 

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rferreira 1
Expert Alumni

is my entire pension taxable

Your Form 1099-R will report the gross amount in Box 1a.  It will then report the taxable amount in Box 1b.  They should be the same amount as health insurance premiums are deducted as an itemized deduction on Schedule A, but they do not reduce income.  So your answer is $1,000.00.

 

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