2789140
Hi there,
I receive Long-Term Disability benefits from a plan I paid premiums for with after-tax dollars. I understand it's non-taxable income. However, my insurance company does not send me a form 1099 and said they do not provide one. Are they supposed to? And if they don't, then where, if anywhere, do I enter this income on my tax return?
Thanks so much.
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Sorry just to clarify -- I do see in Turbotax something on sick and disability pay not reported on a 1099; but it says to enter any "taxable" (bolded) disability pay not reported on a 1099 -- and I don't have any taxable. Does that mean it doesn't show up on my return at all? Sorry to write a second post, but my first was unclear.
Thanks again.
it's not taxable so it is not reported on your tax return.
No different than having a automobile policy, receiving a collision claim payment for an accident and that isn't reported on a tax return either - it's not considered taxable income
If an insurance company knows that the payments are nontaxable, which appears to be the case here, the insurance company is not required to issue a Form 1099-R and no reporting on your tax return is necessary.
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