Page 70 - Other Income for Individuals
P. 70

Accelerated Death Benefits (7/7)


















               STEP 01
















               STEP 02                            STEP 03                           STEP 04                           STEP 05



                                                                   FORM 8853


                                                                    To claim an exclusion for accelerated
                                                                     death benefits made on a per diem
                                                                     or other periodic basis, you must file
                                                                     Form 8853, Archer MSAs and Long-
                                                                     Term Care Insurance Contracts, with           FORM 8853
                                                                     your return.
                                                                    You don’t have to file Form 8853 to
                                                                     exclude accelerated death benefits
                                                                     paid on the basis of actual expenses                            68
                                                                     incurred.
   65   66   67   68   69   70   71   72   73   74   75