Is the proper procedure to add the insurance cost to the benefit amount and then to deduct the insurance cost later?

jes47651 · ‎April 12, 2023

xmasbaby0 · ‎April 12, 2023

Please explain more clearly what you are trying to do. What insurance? What benefits? What are you trying to enter?

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JohnB5677 · ‎April 12, 2023

We'd love to help you complete your tax return but need more information. Can you please clarify your question?

What type of insurance is this? Health, Life, Long Term Care, Auto?
You said benefit. Was this a payment from the insurance?
What was the payment for? Or
Was this a distribution that was just taking money out?

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Is the proper procedure to add the insurance cost to the benefit amount and then to deduct the insurance cost later?