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Level 2
June 12, 2023
Question

where do i report Form 1099-LTC?

  • June 12, 2023
  • 1 reply
  • 13 views

can't find a place to report Form 1099-LTC

This topic has been closed for replies.

1 reply

Jim-from-Ohio
Intuit Community Champion
June 12, 2023

click green button, Where Do I Enter, start typing in 1099LTC

Level 4
August 4, 2023

I have a similar question.  From some of the research on the web, it appears that the taxpayer wouldn't have to pay tax on this.  It says if the policy only pays benefits that reimburse you for qualified long term care expenses you will not owe federal income tax on these benefits.

What's everyone's opinion?

sjrcpa
Level 15
August 4, 2023

"if the policy only pays benefits that reimburse you for qualified long term care expenses you will not owe federal income tax on these benefits."

 

That's true.

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