Taxpayers eeach have a long term care policy. The policy stated that if benefits never used after a cetain time period they would get 80% of the premiums paid reimbursed. In 2011 both got the reimbursed amount, about 12k each. It was reported on 1099-LTC with the reimbursed box checked. Seems to me this would not be taxable income because it's their premiums being returned. Any thoughts.
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