Deductions & credits

Hello!

 

I have had a LTC plan since 2003 with CNA and recently they sent a letter about a buyout.  My situation looks to be exactly what you have described in this posting.  Can you give details about what was the end result? 

 

Did you have to pay taxes? 

What forms did you fill out on Turbo Tax? 

 

My LTC plan is Tax Qualified and they said I would not receive a 1099.  Thanks for any help in advance!