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February 10, 2023
Question

Do I need to enter Gross long-term care expenses from form 1099-LTC on tax return if "Reimbursed amount" is checked in Box 3? "Per diem" is not checked.

  • February 10, 2023
  • 1 reply
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February 10, 2023

If you received a 1099-LTC, type 'long term care' in the Search area, then click on 'Jump to long term care'.

 

Continue through the screens about Medical Expenses, until you reach  'Tell us about anything paid for long-term care services'.  

 

Enter the amount of the Gross Long Term Care Benefits Paid shown on your 1099-LTC.

 

Continue to the screen 'Tell us About Medical Reimbursements'.

 

Again, enter the amount from your 1099-LTC.  

 

This creates the equal expense/reimbursement, so there's no tax effect, but you are reporting your 1099-LTC (since the IRS gets a copy). 

 

Here's more detailed info on Form 1099-LTC.

 

 

February 21, 2023

I have spent much time on Turbo Tax trying to locate where to enter 1099- LTC information. The jump to feture is no help. Please reply.

February 21, 2023

You can enter your 1099-LTC as Miscellaneous Income, using these steps:

  1. Click on Federal > Wages & Income   
  2. Scroll to the Less Common Income section and click on the Start/Update box next to Miscellaneous Income, 1099-A, 1099-C
  3. On the Let's Work on Any Miscellaneous Income screen, click the Start/Update box next to Long-term care account distributions (Form 1099-LTC).
  4. On the screen, Any Long-Term Care Contracts? click the Yes radio button and click Continue
  5. Continue through the interview, entering the requested information.

TurboTax will generate Form 8853 - Archer MSAs and Long-Term Care Insurance Contracts.

 

@Boparis354 

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