Question
How to enter a 1099-LTC
My client received a 1099-LTC. Box 3 Reimbursed amount is checked, NOT Per Diem. The amount on the 1090-LTC is $29,022.00. Her incurred expenses for the year total $103,425. How do I enter the 1099-LTC? Do I enter it on form 8853? In itemized deductions, under medical expenses, line 6, do I enter total out of pocket costs for her long term care? Do I enter out of pocket expenses above and beyond the $29,022.00 she received from her Long Term Care insurance company. I am more than confused on this one. I have reached out to many people and nobody has a cut and dry answer.
