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Retirement tax questions
Long term care benefits would only become taxable income to you if the amount received exceeded the amount paid for the long-term care. You should enter the Form 1099-LTC to reconcile the fact that it is not taxable income.
Be sure to continue through the whole section of TurboTax where the Form 1099-LTC information is entered. Some of the questions will ask you to enter the amounts paid for qualified long term care services. If the amount paid exceeds your benefits distribution, then none of it will be taxable income.
See the following TurboTax article for more information: Where do I enter Form 1099-LTC?
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‎February 23, 2021
7:13 AM