DavidD66
Expert Alumni

Deductions & credits

It sounds like what you received was return of premium for making changes to your policy.  If that is the case, it would not be taxable.  They simply refunded some of the premiums you paid. If the payment was a potentially taxable benefit, paid out from a Long Term Care policy claim it would have been reported on a Form 1099-LTC.  If you want to be sure, you should contact Genworth or the agent that sold the policy to you.  

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