TurboTax FAQ
TurboTax FAQ
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What is Form 1099-LTC, Long-Term Care and Accelerated Death Benefits?

What is Form 1099-LTC?

You'll receive a Form 1099-LTC (Long Term Care and Accelerated Death Benefits) if you received taxable distributions from your:

  • Long-term insurance, or
  • Life insurance under an accelerated death benefits clause because you're critically or terminally ill.

Long-Term Care Contracts are arrangements designed to provide insurance that will meet your health care needs, should you become chronically ill or disabled after reaching a certain age.

When you have more than one Form 1099-LTC, you will need to combine the total distribution amounts and enter the total into TurboTax, rather than entering the amount from each form individually.