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New Member
posted Jun 1, 2019 11:28:47 AM

Does the amount in block 5 of the Form CSA 1099R include Federal Long Term Care premiums?

Trying to determine if the amount in block 5 includes long term care insurance premiums. Is LTC insurance considered to be health insurance?

0 1 799
1 Replies
New Member
Jun 1, 2019 11:28:49 AM

The entry in box 5 may include any of the following: 

(a) designated Roth contributions or contributions actually made on behalf of the employee over the years under the plan that were required to be included in the income of the employee when contributed (after-tax contributions), 

(b) contributions made by the employer but considered to have been contributed by the employee under section 72(f), 

(c) the accumulated cost of premiums paid for life insurance protection taxable to the employee in previous years and in the current year under Regulations section 1.72-16 (cost of current life insurance protection) (only if the life insurance contract itself is distributed), 

(d) premiums paid on commercial annuities. Do not include any DVECs, elective deferrals, or any contribution to a retirement plan that was not an after-tax contribution.

For more detail on 1099R, see here: https://www.irs.gov/pub/irs-prior/i1099r--2019.pdf