You'll receive Form 1099-LTC if you got money from long-term insurance or life insurance under an accelerated death benefits clause.
Here's how to enter your 1099-LTC into TurboTax:
- Open (continue) your return if it's not already open.
- Search for this exact phrase (copy/paste strongly recommended): 1099-ltc, long-term care - distribution and select the Jump to link.
- On the Any Long-Term Care Contracts? screen, answer Yes to the first question (and Yes to the second question if it applies, otherwise No) and select Continue.
- Follow the instructions. If you need Form 1099-LTC we'll fill it out for you.
Note: In TurboTax Online Free Edition, you'll be prompted to upgrade to Deluxe.
