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Information about Form 1099-LTC

Updated: 12/04/2007
Article ID: 3479

Select a link below to go directly to a topic or read through the document to learn about Form 1099-LTC.

What is Form 1099-LTC?

You'll receive a Form 1099-LTC (Long Term Care Contract Distributions) 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.

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How do I Enter Form 1099-LTC?

For TurboTax Basic, Deluxe, or Premier:

  1. Select the Federal Taxes tab, then select Income.
  2. In the Your Income screen, select the Select Specific Topics button.
  3. In the Your Income screen, select Less Common Income.
  4. Select the Start or Rrevisit button for Miscellaneous Income.
  5. In the Any Miscellaneous Income? screen, select the Long-term care accounts (Form 1099-LTC) check box.

 misc-income

For TurboTax Home & Business:

  1. Select the Personal tab, then select Personal Income.
  2. In the Your Personal Income screen, select the Select Specific Topics button.
  3. In the Your Personal Income screen, select Less Common Income.
  4. Select the Start or Revisit button for Miscellaneous Income.
  5. In the Any Other Miscellaneous Income? screen, select the Long-term care accounts (Form 1099-LTC) check box.

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