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February 22, 2021
Question

How do I enter Form 1099LTC?

  • February 22, 2021
  • 1 reply
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Form1099LTC does not appear anywhere. I tried entering it as misc but it doesn"t work.

1 reply

February 22, 2021

You have to enter "1099-ltc, long-term care - distribution" in the Search box.  See Where do I enter Form 1099-LTC? - TurboTax

 

Tax-Qualified Long-Term Care Insurance benefits are generally tax-free. However, some policies pay a cash amount or indemnity once you qualify for benefits. The tax-free maximum allowable amount for 2020 is $400 a day, or the actual cost of care, whichever is higher.