Do not enter long term care benefit payments as medical expense reimbursements.
The 1099-LTC form is entered in the Wages & Income/Income & Expenses section where you will be asked about the reimbursements as well as the costs/expenses.
As you work through the TurboTax interview, you will be asked for the amount from the 1099-LTC as well as actual costs/expenses. If costs/expenses are equal or greater than the reimbursed amount, none is taxable.
Follow these steps to enter form 1099-LTC.
- Down the left side of the screen, click Federal.
- In the center of the screen, click Income & expenses.
- On the screen Your income and expenses, scroll all the way down to the last section, Less Common Income.
- Click the Start or Update button for the last topic, Miscellaneous Income, 1099-A, 1099-C.
- On the next screen, Let's Work on Any Miscellaneous Income, scroll down and click the Start or Update button for the topic, Long term care account distributions (Form 1099-LTC).
See this help.
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