Form 1099-LTC - Long-Term Care and Accelerated Death Benefits
1
To enter long-term care premiums paid, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Deductions & Credits.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Medical drop-down.
Click Add beside Medical Expenses.
Enter your medical insurance premiums paid (if applicable), then click Continue.
Enter the Qualified long-term care premiums and select the age of the person in the drop-list.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Itemized or Standard Deductions drop-down, then click Medical and dental expenses.
Enter your medical insurance premiums paid (if applicable), then click Continue.
Enter the Qualified long-term care premiums and select the age of person in the drop-list.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Itemized or Standard Deductions drop-down, then click Medical and dental expenses.
Enter your medical insurance premiums paid (if applicable), then click Continue.
Enter the Qualified long-term care premiums and select the age of person in the drop-list.
Complete the rest of the interview process.
To enter long-term care insurance distributions, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Explore More drop-down.
Click Add beside Long-Term Care Insurance Distributions.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Adjustments drop-down, then click Archer MSAs and Long-Term Care Insurance Contracts.
Click Long-term Care Contracts and continue with the interview process to enter your information.
Desktop
From within your TaxAct return, click Federal.
Click the Other Adjustments drop-down, then click Archer MSAs and Long-Term Care Insurance Contracts.
Click Long-term Care Contracts and continue with the interview process to enter your information.
Note: If "No" is selected on the screen titled Long Term Care - Death Benefits, you will be provided with the screens to complete the rest of page two of Form 8853 Archer MSAs and Long-Term Care Insurance Contracts. Usually these payments are reported to you on IRS Form 1099-LTC Long-Term Care and Accelerated Death Benefits.