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 1099 Ltc  Form 2017

2017-2024 Form

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Instructions and help about 1099 Ltc Form

fill out a RS form 1099 LTC the IRS Form 1099-c is given by an insurance company or viatical settlement provider for umber sment smade under a long-term care insurance contract or for accelerated death benefits the long-term care insurance contract is given to a person who has been officially certified as chronically ill by a licensed medical practitioner this means that the insurance company or viatical settlement provider pays for the accelerated death benefits of the chronically ill individual as certified by the licensed healthcare practitioner the amounts received from under from a long-term care insurance are normally excluded from the individuals income if payments are given on a per diem basis there may be a limited exclusion from the amount payments made for the accelerated death benefits are completely excluded from the individual's income assuming that he has been certified as terminally ill by a licensed physician for chronically ill individuals the accelerated death benefi

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