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1099-LTC Software

Oct. 19, 2010

tn1099ltc_10207371

Long Term Care and Accelerated Death Benefits

File Form 1099-LTC, Long-Term Care and Accelerated Death Benefits, if you pay any long-term care benefits.

Long-Term Care Benefits

Long-term care benefits means:

  1. Any payments made under a product that is advertised, marketed, or offered as long-term care insurance (whether qualified or not) and
  2. Accelerated death benefits (excludable in whole or in part from gross income under section 101(g)) paid under a life insurance contract or paid by a viatical settlement provider.