In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages &
Income
Scroll down to:
-Less Common Income
-Misc Income, 1099-A, 1099-C
- On the next screen, choose –reimbursed deductions from a prior year
It will go on line 21 o form 1040 as "Other Income"
"The refund is included in the beneficiary's gross income and is taxable, to the extent it was either excluded from the owner's income or deducted by the owner. It must be included as income in the year it is received." Reference: http://www.aaltci.org/long-term-care-insurance/learning-center/tax-for-business.php/#premium
