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- Click ‘Get Form’ to open it in the editor.
- Begin by entering your name and identifying number as shown on your tax return at the top of the form.
- Proceed to Schedule A. Input the qualified long-term care insurance premiums paid for the current tax year in line 1, then calculate and enter the credit amount in line 3 by multiplying line 1 by the credit rate (20%).
- If applicable, complete Schedule B with details about any partnerships or S corporations you are involved with, including their names and employer ID numbers.
- In Schedule C, enter your share of credits from partnerships or S corporations in lines 4 through 7 as instructed.
- Complete Schedule D by providing beneficiary information and entering total credits from previous schedules.
- Finally, compute your total credit available for the current year in Schedule E by adding amounts from previous schedules.
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