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Level 3
March 19, 2025
Question

1099LTC on form 1041

  • March 19, 2025
  • 1 reply
  • 13 views

Estate receive 1099 LTC in 2024. Tax payer died 1/13/23.

How to report on from 1041?

Is there a way to deduct as reimbursement of care costs?

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1 reply

sjrcpa
Level 15
March 19, 2025

Were the LTC costs deducted on the 2023 return?

The more I know the more I don’t know.
TomassaAuthor
Level 3
March 19, 2025

Yes Long Term care expenses in 2023. 

Filed form 1040.

Tax Payer died 1/23/23 

2024 1099 LTC issued to Estate of , With estate EIN

sjrcpa
Level 15
March 19, 2025

To the extent these reimbursed costs were deducted on the 2023 return the reimbursement is taxable now.

EDIT: To the extent the reimbursed costs resulted in a tax benefit for 2023, the reimbursements are taxable now.

The more I know the more I don’t know.