How do I enter 1099-LTC info for contracts issued before Aug 1, 1996?
031280
3 Replies
ReginaM
Expert Alumni
Jan 20, 2020 8:22:39 AM
To enter Form 1099-LTC information in TurboTax online program:
From the top, select tab Federal Taxes / Wages and Income,
Scroll down to Less Common Income section,
Choose Miscellaneous Income, 1099-A, 1099-C,
Scroll down to Long-term care account distributions (Form 1099-LTC).
rrcthru
New Member
Feb 24, 2022 12:49:36 PM
According to Turbotax, I do not have to report income reported to the IRS on a 1099 TLC because my LTC contract was issued before 1996. How does the IRS know when the contract was issued? They only know I received the 1099
MarilynG1
Expert Alumni
Feb 24, 2022 3:30:21 PM
In most instances the 1099-LTC is non-taxable (no matter the date of the contract),as long as reimbursements don't exceed expenses.