I received a 1099LTC form. Box 3 per form box is checked. I am in full time care for almost full ADLs, 365 days a year. It is a qualified plan.
The amount I receive exceeds the amount for my facility, however I used it for my other care too. It also exceeds the IRS per diem (theirs is 420/day and I get about 500/day).
I have no idea what to enter under Qualified LTC Benefits. It seems I'm being charged a ton of taxes here. I also am not sure if I should be claiming what I paid for the facility as a deduction.
