Question
1099 LTC - Long Term Care Benefits
Client was in a memory care facility for all of 2024. His wife passed in January of 2024. Son has POA. Total cost of the memory care facility was over $144,000. Client received benefits on form 1099-LTC amounting to $95,000.
Have not dealt with this scenario frequently (thankfully). I entered the expenses paid on Schedule A Worksheet, Line 6. Where do I report the LTC benefits received? Form 8853? It should offset the medical expenses. Not sure how to accomplish that.
Appreciate any insight into this.
