Where do I report medicare part D payments?

Forum|Forum|2 years ago
March 10, 2024
2 replies
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these payments are automatically deducted from my checking account

TurboTax Free Edition Online

JamesG1

In TurboTax Online, report Medicare part D insurance payments under Medical insurance premiums at the screen How much did you spend on insurance premiums.

Click on Federal down the left side of the screen.
Click on Deductions and credits down the left side of the screen.
Scroll down to Medical and click the down arrow to the right.
Click Start / Revisit to the right of Medical expenses.
Cycle through the screens to the proper screen.

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vm_red

There is no down arrow to the right. When I get click tothe right it does not let me type in the box The box shows $0. I think it expects to see an HSA but we don’t have HSA. Under medicare there is a place if its deducted from Social Security but we’re not doing that.

CatinaT1

What drop down box are you looking for? Are you entering a 1099-SSA?

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Mike9241

The Free Edition does not include itemized deductions Schedule A so you would have to upgrade. Before you do consider that only medical expenses int excess of 7.5% of your adjusted gross income are deductible and then your itemized deductions must exceed your standard deduction to benefit.