Taxpayer received 1099-LTC that has $19,000 on box 1, and box 3 "reimbursement amount" is checked. this is a qualified contract. Total caregiver expenses paid by taxpayer are over $25,000.
Should we file form 8853 Sec C for this nontaxable reimbursement?
From form 8853 instructions, sounds only if payments are made on a per diem or other periodic basis needs to complete Sec C.
If we do not file this form, will IRS question taxpayer later?
Thanks.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.