newtoTT1
Level 1
Member profile
- Replies
- Posts
-
Found this on the web. Is it saying there is no tax on this surrender value?LTC NEWS has designed this guide on the tax advantages of Long-Term Care Insurance.G...
-
The amount I enter is the surrender value minus the Premiums. Right!
-
since the policy is tax qualified there will be no 1099 from my Insurance company.How do I fill out the 1099? what amount do I use for the bock 1. The total sur...
-
My insurance co. will not be issuing a 1099 for the surrender policy. I need to fill one out myself which seems odd
-
Good morning,Sorry it took so long to get back to you but the insurance company was giving me mixed messages.I called CNA and spoke to a representative who was ...
Activity Feed for newtoTT1
- Posted Re: Is cash for surrender of Long-term care policy taxable? on Get your taxes done using TurboTax. March 21, 2024 10:08 AM
- Posted Re: Enter it as "Other Income" Sign into your account, you... on Get your taxes done using TurboTax. March 21, 2024 10:02 AM
- Posted Re: taxable income upon surrender of LTC policy for $ in excess of premium paid: ordinary income? capital gain? on Get your taxes done using TurboTax. March 21, 2024 9:53 AM
- Posted Re: Possibly ... any amount above the contributions made prob... on Get your taxes done using TurboTax. March 21, 2024 9:47 AM
- Posted Re: We have a Long-Term Care policy with an insurance company (CNA). This year they increased the premiums again but this year we were given an option to pay the increased premium or terminate the policy. We decided to terminated the policy. At that poin on Deductions & credits. March 15, 2024 1:17 PM
- Posted Re: We have a Long-Term Care policy with an insurance company (CNA). This year they increased the premiums again but this year we were given an option to pay the increased premium or terminate the policy. We decided to terminated the policy. At that poin on Deductions & credits. March 8, 2024 12:52 PM
- Posted Re: We have a Long-Term Care policy with an insurance company (CNA). This year they increased the premiums again but this year we were given an option to pay the increased premium or terminate the policy. We decided to terminated the policy. At that poin on Deductions & credits. March 8, 2024 12:50 PM
- Cheered Re: We have a Long-Term Care policy with an insurance company (CNA). This year they increased the... for DavidD66. March 8, 2024 12:18 PM
- Posted We have a Long-Term Care policy with an insurance company (CNA). This year they increased the premiums again but this year we were given an option to pay the increased premium or terminate the policy. We decided to terminated the policy. At that point we on Deductions & credits. March 5, 2024 1:50 PM