Announcement

Collapse
No announcement yet.

Ltx

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Ltx

    Taxpayer receives 1099-R with code W in box 7

    Box 1 shows gross distribution amount. Box 2 shows 0 taxable

    My question is can the amount in box 1 be used as a medical deduction on schedule A for LTC medical costs?
    Tags: None
    #2
    No. It's already tax free so no double-dipping.

    Comment

    Previous template Next

    Disclaimer

    Collapse

    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

    Working...
    X