1099-LTC (draft) Long-Term Care and Accelerated Death Benefits

Caution: DRAFT—NOT FOR FILING
This is an early release draft of an IRS tax form, instructions, or
publication, which the IRS is providing for your information as a courtesy.
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9393

VOID

CORRECTED

PAYER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

1 Gross long-term care
benefits paid

$
2 Accelerated death benefits
paid
PAYER’S TIN

POLICYHOLDER'S TIN

$

OMB No. 1545-1519

2019

Long-Term Care and
Accelerated Death
Benefits

Form 1099-LTC
INSURED'S TIN

DRAFT AS OF
July 13, 2018
DO NOT FILE

POLICYHOLDER'S name

File with Form 1096.

Street address (including apt. no.)

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)

4 Qualified contract
(optional)

5 Check, if applicable:
(optional)

Copy A

For
Internal Revenue
Service Center

3 Check one:
Per
Reimbursed
diem
amount
INSURED'S name

Chronically ill
Terminally ill

Date certified

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2019 General
Instructions for
Certain
Information
Returns.

1099-LTC
Cat. No. 23021Z
www.irs.gov/Form1099LTC
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

Form

CORRECTED (if checked)
PAYER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

1 Gross long-term care
benefits paid

$
2 Accelerated death benefits
paid
PAYER’S TIN

POLICYHOLDER'S TIN

$

2019

Long-Term Care and
Accelerated Death
Benefits

Form 1099-LTC
INSURED'S TIN

DRAFT AS OF
July 13, 2018
DO NOT FILE
3

Per
Reimbursed
diem
amount
INSURED'S name

POLICYHOLDER'S name

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)
Form

OMB No. 1545-1519

1099-LTC

4 Qualified contract
(optional)

(keep for your records)

Copy B

For Policyholder

This is important tax
information and is being
furnished to the IRS. If
you are required to file a
return, a negligence
Street address (including apt. no.)
penalty or other
sanction may be
imposed on you if this
City or town, state or province, country, and ZIP or foreign postal code
item is required to be
reported and the IRS
determines that it has
5 (optional)
Date certified
Chronically ill
not been reported.
Terminally ill

www.irs.gov/Form1099LTC

Department of the Treasury - Internal Revenue Service

Instructions for Policyholder
A payer, such as an insurance company or a viatical settlement provider, must
give this form to you for payments made under a long-term care insurance
contract or for accelerated death benefits. Payments include those made
directly to you (or to the insured) and those made to third parties.
A long-term care insurance contract provides coverage of expenses for longterm care services for an individual who has been certified by a licensed health
care practitioner as chronically ill. A life insurance company or viatical settlement
provider may pay accelerated death benefits if the insured has been certified by
either a physician as terminally ill or by a licensed health care practitioner as
chronically ill.
Long-term care insurance contract. Generally, amounts received under a
qualified long-term care insurance contract are excluded from your income.
However, if payments are made on a per diem basis, the amount you may
exclude is limited. The per diem exclusion limit must be allocated among all
policyholders who own qualified long-term care insurance contracts for the
same insured. See Pub. 525, and Form 8853 and its instructions for more
information.
Per diem basis. This means the payments were made on any periodic basis
without regard to the actual expenses incurred during the period to which the
payments relate.
Accelerated death benefits. Amounts paid as accelerated death benefits are
fully excludable from your income if the insured has been certified by a
physician as terminally ill. Accelerated death benefits paid on behalf of

individuals who are certified as chronically ill are excludable from income to the
same extent they would be if paid under a qualified long-term care insurance
contract.
Policyholder's taxpayer identification number (TIN). For your protection, this
form may show only the last four digits of your TIN (social security number
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
identification number (ATIN), or employer identification number (EIN)). However,
the issuer has reported your complete TIN to the IRS.
Account number. May show an account or other unique number the payer
assigned to distinguish your account.
Box 1. Shows the gross benefits paid under a long-term care insurance contract
during the year.
Box 2. Shows the gross accelerated death benefits paid during the year.
Box 3. Shows if the amount in box 1 or 2 was paid on a per diem basis or was
reimbursement of actual long-term care expenses. If the insured was terminally
ill, this box may not be checked.
Box 4. May show if the benefits were from a qualified long-term care insurance
contract.
Box 5. May show if the insured was certified chronically ill or terminally ill, and
the latest date certified.
Future developments. For the latest developments related to Form 1099-LTC
and its instructions, such as legislation enacted after they were published, go to
www.irs.gov/Form1099LTC.

DRAFT AS OF
July 13, 2018
DO NOT FILE

CORRECTED (if checked)
PAYER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

1 Gross long-term care
benefits paid

$
2 Accelerated death benefits
paid
PAYER’S TIN

POLICYHOLDER'S TIN

$

OMB No. 1545-1519

2019

Long-Term Care and
Accelerated Death
Benefits

Form 1099-LTC
INSURED'S TIN

DRAFT AS OF
July 13, 2018
DO NOT FILE
3

Per
Reimbursed
diem
amount
INSURED'S name

POLICYHOLDER'S name

Street address (including apt. no.)

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)
Form

1099-LTC

4 Qualified contract
(optional)

(keep for your records)

5 (optional)

Chronically ill

Date certified

Copy C
For Insured
Copy C is
provided to you
for information
only. Only the
policyholder is
required to
report this
information on
a tax return.

Terminally ill

www.irs.gov/Form1099LTC

Department of the Treasury - Internal Revenue Service

Instructions for Insured
A payer, such as an insurance company or a viatical
settlement provider, must give this form to you and to the
policyholder for payments made under a long-term care
insurance contract or for accelerated death benefits.
Payments include both benefits you received directly and
expenses paid on your behalf to third parties.
If you are the insured but are not the policyholder, Copy
C is provided to you for information only because these
payments are not taxable to you. If you are also the
policyholder, you should receive Copy B.
Insured's taxpayer identification number (TIN). For your
protection, this form may show only the last four digits of
your TIN (social security number (SSN), individual taxpayer
identification number (ITIN), adoption taxpayer
identification number (ATIN), or employer identification
number (EIN)). However, the issuer has reported your
complete TIN to the IRS.
Account number. May show an account or other unique
number the payer assigned to distinguish your account.

Box 1. Shows the gross benefits paid under a long-term
care insurance contract during the year.
Box 2. Shows the gross accelerated death benefits paid
during the year.
Box 3. Shows if the amount in box 1 or 2 was paid on a
per diem basis or was reimbursement of actual long-term
care expenses. If you are terminally ill, this box may not be
checked.
Box 4. May show if the benefits were from a qualified longterm care insurance contract.
Box 5. May show if you were certified chronically ill or
terminally ill, and the latest date certified.
Future developments. For the latest developments related
to Form 1099-LTC and its instructions, such as legislation
enacted after they were published, go to www.irs.gov/
Form1099LTC.

DRAFT AS OF
July 13, 2018
DO NOT FILE

VOID

CORRECTED

PAYER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

1 Gross long-term care
benefits paid

$
2 Accelerated death benefits
paid
PAYER’S TIN

POLICYHOLDER'S TIN

$

OMB No. 1545-1519

2019

Long-Term Care and
Accelerated Death
Benefits

Form 1099-LTC
INSURED'S TIN

DRAFT AS OF
July 13, 2018
DO NOT FILE
3

Per
Reimbursed
diem
amount
INSURED'S name

POLICYHOLDER'S name

Street address (including apt. no.)

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)
Form

1099-LTC

4 Qualified contract
(optional)

5 Check, if applicable:
(optional)

www.irs.gov/Form1099LTC

Chronically ill

Date certified

Copy D
For Payer
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2019 General
Instructions for
Certain
Information
Returns.

Terminally ill

Department of the Treasury - Internal Revenue Service

Instructions for Payer
To complete Form 1099-LTC, use:
• The 2019 General Instructions for Certain Information
Returns, and
• The 2019 Instructions for Form 1099-LTC.
To get or to order these instructions, go to
www.irs.gov/Form1099LTC.
Due dates. Furnish Copy B of this form to the
policyholder by January 31, 2020.
Furnish Copy C of this form to the insured by
January 31, 2020.

File Copy A of this form with the IRS by February 28,
2020. If you file electronically, the due date is March 31,
2020. To file electronically, you must have software that
generates a file according to the specifications in Pub.
1220.
Need help? If you have questions about reporting on
Form 1099-LTC, call the information reporting customer
service site toll free at 866-455-7438 or 304-263-8700
(not toll free). Persons with a hearing or speech
disability with access to TTY/TDD equipment can call
304-579-4827 (not toll free).

DRAFT AS OF
July 13, 2018
DO NOT FILE