The program says my etc premiums are above the allowable limits. But I checked the amounts and my entries fall within those limits. How do I proceed?
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from the 2019 Schedule A Instructions, beginning on page 2:
Limit on long-term care premiums you can deduct. The amount you can deduct for qualified long-term care insurance contracts (as defined in Pub. 502) depends on the age, at the end of 2019, of the person for whom the premiums were paid.
See the following chart for details.
Yes, thanks. I saw this. But I am over 70 and my spouse is 70. Our LTC premiums were about 5500. total, or 2475. each. But the Turbo Tax program has marked those entries as "errors" and I don't know how to fix that and proceed to filing my return. (I have finished everything else).
I got on a phone call with a Turbo Tax Rep and he solved for me. Evidently, I had entered the premium amounts in 2 places - under medical expenses and on my Schedule C, and you can't do that. (But the program did ask me to enter the amounts twice). So, I deleted the entries for Sch C and that fixed it.
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