Form 1099-LTC - Long-Term Care and Accelerated Death Benefits
1
To enter both the income and exclusion amounts for long-term care and accelerated death benefits in the TaxAct program, 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.