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Medicare premiums on SSA-1099

Key tips and advice the working tax pro can use.
#1
Nilodop  
Posts:
14878
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21-Apr-2014 9:28am
Location:
Pennsylvania
I don't use professional tax software because I'm retired. Does it automatically pick up as medical deductions the Medicare premiums taken out of monthly Soc Sec payments?
 

#2
Posts:
3863
Joined:
22-Apr-2014 3:06pm
Location:
WA State
Most automatically pick it up as a Sch A item, but there's usually some extra work to get it to come through as SEHI, if applicable.
~Captcook
 

#3
Nilodop  
Posts:
14878
Joined:
21-Apr-2014 9:28am
Location:
Pennsylvania
Thanks. Turbotax doesn't. I almost overlooked the deduction.
 

#4
belle  
Posts:
342
Joined:
21-Apr-2014 2:47pm
Location:
California
Lacerte does it automatically, and provides a convenient box to check to have it treated as SEHI.
But, Lacerte does cost a wee bit more than TurdoTax does ;)
 


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