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Bookmark or Share- Should I deduct 1099-LTC benefit payments as "medical expense ... - IntuitMy mother is chronically ill and in a nursing home. She receives per diem payments under her Long Term Care policy and I receive a 1099-LTC for these payments. I entered the total 1099-LTC amount in the Misc. Income in the designated section. The nursing home charges are greater than the LTC benefits.
- Chronically ill individual: can you define what the IRS looks ... - IntuitAn individual is chronically ill if, within the previous 12 months, a licensed health care practitioner has certified that the individual meets either of the following descriptions. He or she is unable to perform at least two activities of daily living without substantial assistance from another individual for at least 90 days, due to a loss of ...
- Are home health aides a deductible medical expense - IntuitHowever, there is a special rule for chronically ill individuals. You can deduct the entire cost of the aide if you meet three tests: 1. the individual is chronically ill as certified by a doctor (has a long term illness that is permanent, or will last at least one year, or will lead to death.
- Long term care expenses and LTC insurance benefits - IntuitMy mother is deemed chronically ill by both her Doctors and LTC Insurance company. Her Asst Living, 2022, expenses are $96K (plus some medical out of pocket expenses). Her expenses exceed the amount the 1099 LTC reported for 2022 of $37K. Her plan is categorized as Tax Qualified. No federal tax consequence.
- How does the IRS determine if Assisted Living is for Medical ... - IntuitNew Member. The determination that Assisted Living is for medical purposes is governed by the following rules. Note the two-pronged test, that the individual must be chronically ill and that care is provided pursuant to a plan of care prescribed by a licensed health care practitioner. Assisted living arrangements not meeting both elements of ...
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