what kind of a account is long term care insurance fully paid

Quicken 2017
Version 4.8.2 (Build 48.19926.100)
 have a fully paid ltc-death benefit insurance policy. I want to take money from an annunity and buy policy of which a portion will go to taxes and my personal income I have to claim that amount in tax this year how do I set this up?

Comments

  • Quicken Harold
    Quicken Harold Alumni ✭✭✭✭
    edited January 2019
    Hello Kay, appreciate your question.

    We need some more information regarding what you would like to do with the insurance policy.

    There are ways to make this work for you, including setting up categories for your taxes and for personal income.

    Please provide us more information on what you would like to do..

    Respectfully,
    ~ Quicken Harold.
    Quicken Harold
    Community Moderator
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited January 2019
    Kay,
    I'm unsure as to what your situation is.  Are you using money from the annuity to fund the Insurance policy, or what?

    Please clarify so that we can help you further.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • My husband had a CD annuity and he passed away.  I took that basic annuity and bought a LTC death benefit policy.  The interest I have o pay taxes on.   But I like to be able to just do a transfer from the annuity account to my new policy.  I ended up doing 2 separate  transactions.  
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