turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jneil22
New Member

1099LTC data transfer?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LeeM
New Member

1099LTC data transfer?

You would be better off entering that Form 1099-LTC by hand using the directions below. Answering the questions after the input and assuring it is input correctly will help you determine if any of that 1099 is non-taxable.

To enter that 1099-LTC, you can follow the steps below:

  • Go to Federal Taxes
  • Click on Wages and Income
  • Scroll down to Less Common Income
  • On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

On the next screen, on Long-term care account distributions (Form 1099-LTC), click the start button

Depending on which boxes of the 1099-LTC are checked, when you work through the interview you are asked to enter information for the items that may be taxable. Box 4 may be checked to indicate the benefits were from a qualified long-term care contract. Answers to the narrative questions will determine if the amounts are taxable or non-taxable. The insurance carrier may also provide information on the policy benefits.

View solution in original post

2 Replies
LeeM
New Member

1099LTC data transfer?

You would be better off entering that Form 1099-LTC by hand using the directions below. Answering the questions after the input and assuring it is input correctly will help you determine if any of that 1099 is non-taxable.

To enter that 1099-LTC, you can follow the steps below:

  • Go to Federal Taxes
  • Click on Wages and Income
  • Scroll down to Less Common Income
  • On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

On the next screen, on Long-term care account distributions (Form 1099-LTC), click the start button

Depending on which boxes of the 1099-LTC are checked, when you work through the interview you are asked to enter information for the items that may be taxable. Box 4 may be checked to indicate the benefits were from a qualified long-term care contract. Answers to the narrative questions will determine if the amounts are taxable or non-taxable. The insurance carrier may also provide information on the policy benefits.

1099LTC data transfer?

On Jan 22, I entered an amount in the 1099-LTC box.  On Feb 1, I again wanted to add data to my turbotax 2022 return, after the unavoidable 'Update', all entries that I had made on Jan 22,

disappeared from my Return.  I re-entered all entries,  except there was no box for me to enter

the 1099-LTC.  Why would the Feb 1 'Update' eliminate what was in the Program on Jan 22?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies