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1099-ltc 2024 Form: What You Should Know
Box 3 Amount, 12, Amount, Box 3: Gross payments to certain recipients. Box 4 Amount for recipient based on the formula in section 11.1075 of this chapter, 11.1075-1(j)(1), which is used to calculate all long-term care and accelerated death benefits for persons receiving retirement or annuity payments, as defined in sections 7701(h) and 8111(b)(1)(B) of the Internal Revenue Code of 1986, to the extent that such benefits are attributable to long-term care. The amount used to calculate the amount of such benefits is equal to the ratio of the annual gross benefit payable at age 70½ to the annual gross benefit payable in the year such person reaches the age of 70, subject to any adjustment under section 8111(b)(1)(B) of the Internal Revenue Code of 1986, to the year such person reaches the age of 69. Box 5 Amount, 12, Amount, Box 5: Gross payments to certain recipients. Box 11 Amount, 12, Box 11: Gross payments to certain recipients. Box 12 Amount, 12, Box 12: Gross payments to certain recipients. Box 13 Box, 13: Gross payments to certain recipients. Box 14 Box, 14: Gross payments to certain recipients. Box 15 Box, 15: Gross payments to certain recipients. Box 16 Box, 16: Gross payments to certain recipients. Box 17 Box, 17: Gross payments to certain recipients. Box 18 Box, 18: Gross payments to certain recipients, or Box 18-B: Amount for all other recipients determined under the appropriate method or box of Part I of the form. Box 19 Box, 19: Gross payments to certain recipients, or Box 19-B: Amount for all other recipients determined under the appropriate method or box of Part II of the form. Box 20 Box, 20: Gross payments to certain recipients, or Box 20-B: Amount for all other recipients determined under the appropriate method or box of Part III of the form, including the applicable exclusion amount. Box 21 Box, 21: Gross payments to certain recipients, or Box 21-B: Amount for all other recipients determined under the appropriate method or box of Part IV-A of the form, including the applicable exclusion amount.
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