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8853 2023 Form: What You Should Know
Instead, the amounts may be reported in a separate line of your return as regular income. To file a Form 8853 as a medical expenses deduction, follow these steps: • Fill out Form 8853. • Attach a copy of the Accelerated Deceased Return. • Attach a copy of the Accelerated Death Income Statement (AFS-5). • Pay the estimated tax due on the line following the line “Award Amounts” • Attach the receipt you receive for Form 1099-LTC. Dec 17, 2023 — Use Form 8853 to report Archer MSA's and long-term care contributions to your tax return Aug 26, 2023 — Use Form 8853 to report contributions and payments from Archer MSA's and payments from long-term care. Updated for Tax Year 2023 • July 28, 2023 05:28 AM Use Form 8853 to report contributions and payments from Archer MSA's and payments from long-term care. This form is used to report your payments and costs from long-term care. You're able to make these payments from your Archer MSA. You can make payments from your Archer MSA only under special circumstances. • If you've received a medical or dental payment or payment on an accelerated basis. (the amount of the payment, including its regular schedule of payments, doesn't vary) You must keep proof of payments from ARCHER MSA's and long-term care on file at all times. You can't use your Archer MSA for payment of medical benefits. • If you're receiving a payment on your Archer MSA because you are receiving an HMO plan through your employer that pays for the medical costs of a relative. Medicare Advantage program. You didn't choose this option. • If you can establish that payments are being made for the care of a relative. If your Archer MSA can't be used for payment on medical expenses — your Archer MSA contributions or costs to long-term care are excluded from your gross income. You cannot spend your Archer MSA and use the amount of it as medical expenses. You cannot include, and therefore the amounts you don't spend on, your Archer MSA's contributions and long-term care.
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