My spouse and I have Med Insurance premiums ($1821 ea) on our 1099-R forms; however, TTax does not show them on Med worksheet or 1099R Summary sheet for my spouse. Why?
My spouse and I have Med Insurance premiums ($1821 ea) on our 1099-R forms; however, TTax does not show them on Med worksheet or 1099R Summary sheet for my spouse. Why?
Don't think it matters what box 2a or 5 state ... the real question is why doesn't TTax show info for my spouse that IS shown and entered from her 1099r?
Great. Again, it isn't really an issue for us, since we'll take the standard deduction; but, it is just very frustrating that the program I've used and supported for so long still has some basic errors.
Even though you mentioned that you are taking the standard deduction and the medical premiums shown on your Forms 1099-R will not affect your return, I wanted to share the results of examining your diagnostic tax file in detail.
When the Form 1099-R is entered and there is a number reported in box 5, the amount can represent more than one thing. Medical insurance premiums is one of the options. There is a specific follow-up question that comes up after entering the Form 1099-R that asks for the amount from box 5 that was used for insurance premiums. Looking at the inputs from the diagnostic tax file, this amount was entered in the follow-up question for the taxpayer's Form 1099-R. The amount was not entered in the follow-up question for the spouse's Form 1099-R.
Using the test file, the follow-up question about box 5 for the spouse's Form 1099-R was entered and the data was carried to the appropriate forms without any issues.