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New Member
posted Apr 12, 2023 10:56:16 AM

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

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2 Replies
Level 15
Apr 12, 2023 11:17:59 AM

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

Expert Alumni
Apr 12, 2023 11:19:23 AM

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?