Tax Line Item for Health Insurance Premiums
You do not have one. The IRS Schedule A does. You put those items under Doctrors, Hospitals, etc. That is wrong. You need a separate Tax Line Item.
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There are many missing tax line items and we have been asking for a long time.
Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.
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FYI - we are not them…. we are just peer level customers -
…. You do not have one.
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This content has been removed.
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Actually, Schedule A does not have a line for those insurance premiums. TurboTax (and likely other similar packages) do build worksheets that ask for that info, but it all gets folded into the Line 1 toal of "Medical and dental expenses". (Snip from from presented on IRS.gov site.) Nevertheless, I am not disagreeing with the request that Quicken allow more granularity in their breakdown.
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Not all medical expenses flow unchanged to TurboTax Schedule A. Some calculations occur on TT's Medical Worksheet.
Long term care insurance premium deductibility can be limited by the age of the insured. TT calculates that fine, but there is no tax line item in Quicken that handles that.
Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.
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