How do I enter 1099-LTC info for contracts issued before Aug 1, 1996?

billsredriver · ‎January 20, 2020

ReginaM · ‎January 20, 2020

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).

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rrcthru · ‎February 24, 2022

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 · ‎February 24, 2022

In most instances the 1099-LTC is non-taxable (no matter the date of the contract),as long as reimbursements don't exceed expenses.

Click this link for steps on How to Enter 1099-LTC.

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How do I enter 1099-LTC info for contracts issued before Aug 1, 1996?