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Help with deduction of nursing home and LTC payment.

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Level 3

Client received 1099LTC  forms and none of it turns out to be taxable.   Now for the amount she paid the nursing home .. do I subtract that reimbursement amount from the amount she paid?

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4 Replies 4
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Level 15

Wouldn’t it be double dipping if you didn’t?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 3

that's what I thought...    but I also have to remember she paid dearly for that insurance  each year.. due to their age....  around 6000 each year for her and her husband together.  

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Level 15
Level 15

We all pay dearly for health insurance, we still dont get to deduct the medical expenses that insurance paid for or reimburses us for.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 1

You say that like double-dipping is a bad thing

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