Steve M Posted July 11, 2011 Report Share Posted July 11, 2011 My client has been in a nursing home. His long term care policy reimbursed his LTC in the amount of $25000. It is not taxable income since it is a reimbursement - used form 8853 Just want to confirm whether or not he can claim the $25K as a medical expense on Sch A. I think not, but just wanted to be sure. Thanks, SteveM Quote Link to comment Share on other sites More sharing options...
Pacun Posted July 11, 2011 Report Share Posted July 11, 2011 My client has been in a nursing home. His long term care policy reimbursed his LTC in the amount of $25000. It is not taxable income since it is a reimbursement - used form 8853 Just want to confirm whether or not he can claim the $25K as a medical expense on Sch A. I think not, but just wanted to be sure. Thanks, SteveM That will be double dipping. You don't include your insurance premiums when you contribute pre-tax, correct? Similar situation. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted July 11, 2011 Report Share Posted July 11, 2011 If he was reimbursed, he did not actually pay the expense, therefore no deduction. Quote Link to comment Share on other sites More sharing options...
Steve M Posted July 11, 2011 Author Report Share Posted July 11, 2011 That will be double dipping. You don't include your insurance premiums when you contribute pre-tax, correct? Similar situation. True enough, but LTC premiums are not pre-tax. At any rate, I think you are correct that since the cost has been reimbursed, it cannot be claimed, but just wanted another opinion. Thanks, SteveM Quote Link to comment Share on other sites More sharing options...
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