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Form 1099--LTC

Carolb
Level 1

On Form 8853, line 18 you put the amount from box 1.  It is $15,700.  Line 21 says to multiple $380 by the number of days in the LTC period.  Is it okay if it is more than $15,700,  The taxable payment is negative or zero.  Is that correct?

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IntuitAustin
Intuit Alumni
Thank you for your question! Since this is a tax advice question, we’ve moved it to our product discussions board for discussion among your peers.

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