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How do I report my 1099-LTC reimbursements on my 2017 1040
How do I report my 1099-LTC reimbursements on my 2017 1040 tax return? They are excluded from taxable income, as they are not based on a per diem? Do I submit the 1099-LTC with an electronically filed… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,682 satisfied customers
My mom is my dependent on my tax reurn for 2017. She has
my mom is my dependent on my tax reurn for 2017. She has a1099 LTC issued to her by her insurance company for benefits paid for her care. The per diem box is checked. How do Icfind out how much of the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I have a 1099-LTC for my mother in Assisted Living. Box 1 =
I have a 1099-LTC for my mother in Assisted Living. Box 1 = $27120, Box 2 = $0, Box 3 has an X in Reimbursed Amount, No other boxes have any other entries. Do I need to include Box 1 on Line 17 of For… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My wife has been diagnosed with Alzheimer's Disease and
My wife has been diagnosed with Alzheimer's Disease and needs help with many of the Activities of Daily Living (ADLs). In 2017 she started attending Memory Day Care at a licensed facility. We have a g… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I got a 1099-LTC form for medical reimbursement from a
I got a 1099-LTC form for medical reimbursement from a qualified contract - do I need to report that on form 8853 - it was not as per diem but as reimbursed amount … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I need advice whether I need to pay taxes on my mom's LTC
I need advice whether I need to pay taxes on my mom's LTC benefits on my taxes. She is my dependent on tax returns. … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,930 satisfied customers
On Form 1099 -R: Box 1 show a $400 and in box 7 distribution
On Form 1099 -R: Box 1 show a $400 and in box 7 distribution code: W. Box 8: other :400.1. Is this 400 taxable? box 2a is blank 2. The box 7 distribution code W is charges/payments for purchasing LTC … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Pearl JA: What seems to be the problem? Customer: Question
Question about a 1099 LTC form and reporting it on my tax return … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I have a 1099LTC - the box is marked not checked per-diem-
I have a 1099LTC for 2015- the box is marked not checked per-diem- do i need to file the form 8853… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I came across the following conversation which I read as
I came across the following conversation which I read as saying that I can deduct medical expenses that are reimbursed with tax free per diem long term care reimbursements. Angie tonight came and said… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have a client who received a 1099-LTC for $11,000 with box
I have a client who received a 1099-LTC for $11,000 with box 3 checked for "reimbursement". Client states that it's a refund of 80% of premiums for LTC under a contract that states that 80% of premium… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I had a client that got a 1099-LTC , with box 2 filed in $35,000.
I had a client that got a 1099-LTC , with box 2 filed in $35,000. SHe was dying of cancer an actually recevied the check the day she died. My understanding is this like life insurance and not taxable.… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
in north carolina do i need to file a 1041 fathers estate?
in north carolina do i need to file a 1041 for my fathers estate? deceased 1/16/14 it was valued at 500,000… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
I rolled over a Traditional IRA from CapitalOne into a Traditional
I rolled over a Traditional IRA from CapitalOne into a Traditional IRA from Schwab. I had received two 1099-Rs from CapitalOne: one with Box 7 listed as a '1', one with Box 7 listed as a '2.' I handed… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
My husband received a per-diem payment from a qualified LTC
My husband received a per-diem payment from a qualified LTC insurance policy in 2013. He is chronically ill. In filling out form 8853, I know what goes on lines 14 through 23 of section C. Does the "p… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,682 satisfied customers
Im doing taxes for Mother-in-law. She received a 1099-R for
I'm doing taxes for Mother-in-law. She received a 1099-R for a total distribution she took from a non-qualified life insurance instrument. Applicable taxes and penalties for pulling the money out were… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
Have a form 1099-LTC which shows gross long-term care benefits
Have a form 1099-LTC which shows gross long-term care benefits paid in box no. 1 of $48k. Box 3 shows "Reimbursed amount" box checked. Per diem box is not checked. Is the amount shown in box no. 1 tax… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
A taxpayer transfers the funds in his 2 sons 529 accounts
A taxpayer transfers the funds in his 2 sons '529' accounts from one financial institution to another, in which he opens 2 '529' accounts. He receives 2 '1099-Q's. The '1099-Q's show the Gross distrib… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
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