- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes. You should net the amount of reimbursement out for 2022, This is all done as a Medical deduction on Schedule A.
When entering all of the medical costs including the cost of the facility, there is a section for reimbursements.
Generally, your LTC reimbursement is only taxable if they exceed your medical expenses. Be sure to answer the TurboTax follow-up questions in the 1099-LTC interview.
If you need additional assistance or have more questions, please return to this forum.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 11, 2023
7:12 AM