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TurboTax will guide you through entering your 1099-LTC and actual costs/expenses. If costs/expenses are equal or greater than the reimbursed amount, none is taxable. The 1099-LTC form is entered in the Wages & Income section. Follow these steps:
As you work through the TurboTax interview, you will come to page that will ask about your costs as well as your reimbursements (click on second screenshot below for more detail)
NOTE: If the policy was issued before August 1996, different rules apply.
TurboTax will guide you through entering your 1099-LTC and actual costs/expenses. If costs/expenses are equal or greater than the reimbursed amount, none is taxable. The 1099-LTC form is entered in the Wages & Income section. Follow these steps:
As you work through the TurboTax interview, you will come to page that will ask about your costs as well as your reimbursements (click on second screenshot below for more detail)
NOTE: If the policy was issued before August 1996, different rules apply.
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