topic what is the difference between a qualified contract & non... in Get your taxes done using TurboTax

How do I report a 1099LTC

yancey54l — Fri, 07 Jun 2019 22:01:31 GMT

My wife is in long term care and the insurance company paid $45165.72 in 2015. Do I need to report this or how do I handle.

is this a tax "qualified" contract or a non tax qualified...

b408904 — Fri, 07 Jun 2019 22:01:33 GMT

is this a tax "qualified" contract or a non tax qualified contract?

it is a tax qualified contract

smajhoney99 — Fri, 07 Jun 2019 22:01:36 GMT

it is a tax qualified contract

what is the difference between a qualified contract & non...

smajhoney99 — Fri, 07 Jun 2019 22:01:37 GMT

what is the difference between a qualified contract & non qualified contract

Since we paid many thousands in premiums, and received on...

r-mfrfl17 — Fri, 07 Jun 2019 22:01:38 GMT

Since we paid many thousands in premiums, and received only hundreds in benefits, we can't imagine any tax effect!

Go to: Personal Income > I'll choose what I work on> Less...

Heather_Billings — Fri, 07 Jun 2019 22:01:40 GMT

Go to:

Personal Income > I'll choose what I work on> Less Common Income> Miscellaneous Income (last item at bottom of the page) > 4th item down should be 1099-LTC

or you can search in the find box, upper right hand corner: "1099-LTC" then "jump to" and it'll take you right there.

This is not taxable if used for medical expenses, but you should report it for informational purposes.