If your 1099-R Retirement Plan Distribution is from work as a Public Safety Officer, you may be allowed up a $3000 reduction in taxable income for health insurance premiums. This is asked in the follow-up questions after entering your 1099-R.
If you think you may have entered it incorrectly (or in the follow-up questions), you can Delete it and re-enter it. In your Federal return, to to Income > I'll choose what I work on, then scroll down the Income Topics page to Retirement Plans and Social Security > IRA, 401K, Pension Plan Withdrawals and choose Edit/Update.
On the next screen, delete the incorrect 1099-R and Add a 1099-R to re-enter the info.
Since there is no Line 26d on Form 1099-R, I am guessing you're in your State Return. If you enter it correctly in the Federal section, you may see a reduction in taxable income there as well.
Here's more info on 1099-R for Public Safety Officer.
I pay just under $3000. I deducted the amount under in my input information off the 1099-R. The tax review Showes a way hire amount? Should I just ignore it?
We can take a look at your return so we can see exactly what you see and help come to a resolution. The return will be scrubbed and will not include any of your personal details.
Once you're logged in to your account,
- on the left hand panel, click on Tax Tools and then choose Tools
- on the pop up window, select Share my file with Agent
- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.
- click okay and you'll get another message with a token
Reply to this message with your token and we'll take a look to see what we can find. Let us know what other states, if any, are included in your return.