Steve M Posted July 11, 2011 Report 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
mcb39 Posted July 12, 2011 Report Posted July 12, 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 You can claim the LTC in excess of the reimbursement. I have a client in just such a situation. She receives thousands, but she also pays thousands in excess. Quote
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