TT is telling me it can't finish my taxes because Form 8853 p2 isn't ready yet (the government hasn't released the final version) but I'm having trouble understanding if I answered the LTC 1099 questions TT is asking correctly.
The LTC company sent a 1099.
Box 1: $750;
Box 3: reimbursed amount;
Box 4: qualified contract.
The $750 is an annual benefit of this LTC contract. It pays for "informal care", that is care by a relative. Not by a licensed person, which is what TT identifies as "qualified" care.
When I tell TT $750 is the reimbursed amount. That's the only box I can fill in. I don't use the per diem or days boxes. Then TT tells me that it's waiting for Form 8853 p2 to be approved.
I'm trying to declare this income correctly. Because it's not "qualified" care, per TT's definition, but it is clearly a benefit paid stated on the LTC 1099, the TT questions and instructions are a bit confusing.
Do I just put the $750 stated as the reimbursed amt on the LTC 1099 in the reimbursed amt box and leave it at that and wait for the Form 8853 p2 update?
Or should I put $0 because the $750 was not for "qualified" care per TT's definition of "qualified" and declare the $750 as something else even though the LTC send me a 1099?
Thanks.
