Public safety Retirment

[alvarez126]

Hi,

When I review my completed tax return, it keeps telling me that the 1099-R line 26d is blank and Taxpayer should not be greater than $3000 .  mine is much higher. 1099- R are all correct?

Thanks ,

Bill

[MarilynG1]

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.

[alvarez126]

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?

[KeshaH]

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.