1099-ltc

[Gretel]

My t/p has received more reimbursement from his LTC insurances (spouse passed away) than they paid for nursing home. Amounts are reported in box 1. Per TTB amount reported is non-taxable income.

I assume expenses paid for nursing home (skilled care) are NOT a deduction on Sch.A. This thought occurred to me since box 1 is a per diem reimbursement and doesn't reflect what was actually paid as expenses.

[BP.]

My t/p has received more reimbursement from his LTC insurances (spouse passed away) than they paid for nursing home. Amounts are reported in box 1. Per TTB amount reported is non-taxable income.

I did not notice where in TTB it says the 1099-LTC Box 1 is NT. It very well may be NT, but use p. 2 of Form 8853 to report the per diem LTC payments received, and determine what, if any, would be taxable. Any premiums still being paid on the contract are Schedule A deduction based on age. (TTB 1-4 or 4-1)