IRS Form 1099-Q "Payments From Qualified Education Programs (Under Sections 529 and 530)"

What Is IRS Form 1099-Q?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

Form Details:

  • A 5-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Editable, printable, and free;

Download a fillable version of IRS Form 1099-Q through the link below or browse more documents in our library of IRS Forms.

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Download IRS Form 1099-Q "Payments From Qualified Education Programs (Under Sections 529 and 530)"

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CORRECTED
3131
PAYER’S/TRUSTEE'S name, street address, city or town, state or province,
1 Gross distribution
OMB No. 1545-1760
Payments From
country, ZIP or foreign postal code, and telephone no.
Qualified
2019
Education
$
Programs
2 Earnings
(Under Sections
529 and 530)
1099-Q
$
Form
Copy A
PAYER’S/TRUSTEE'S TIN
RECIPIENT’S TIN
3 Basis
4 Trustee-to-trustee
transfer
$
For
Internal Revenue
RECIPIENT’S name
5 Distribution is from:
6 Check if the recipient is
not the designated
Service Center
• Qualified tuition program—
beneficiary
File with Form 1096.
or
Private
State
For Privacy Act
Street address (including apt. no.)
• Coverdell ESA
and Paperwork
Reduction Act
Notice, see the
City or town, state or province, country, and ZIP or foreign postal code
2019 General
Instructions for
Account number (see instructions)
Certain Information
Returns.
1099-Q
Form
Cat. No. 32223J
www.irs.gov/Form1099Q
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
VOID
CORRECTED
3131
PAYER’S/TRUSTEE'S name, street address, city or town, state or province,
1 Gross distribution
OMB No. 1545-1760
Payments From
country, ZIP or foreign postal code, and telephone no.
Qualified
2019
Education
$
Programs
2 Earnings
(Under Sections
529 and 530)
1099-Q
$
Form
Copy A
PAYER’S/TRUSTEE'S TIN
RECIPIENT’S TIN
3 Basis
4 Trustee-to-trustee
transfer
$
For
Internal Revenue
RECIPIENT’S name
5 Distribution is from:
6 Check if the recipient is
not the designated
Service Center
• Qualified tuition program—
beneficiary
File with Form 1096.
or
Private
State
For Privacy Act
Street address (including apt. no.)
• Coverdell ESA
and Paperwork
Reduction Act
Notice, see the
City or town, state or province, country, and ZIP or foreign postal code
2019 General
Instructions for
Account number (see instructions)
Certain Information
Returns.
1099-Q
Form
Cat. No. 32223J
www.irs.gov/Form1099Q
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
CORRECTED (if checked)
PAYER’S/TRUSTEE'S name, street address, city or town, state or province,
1 Gross distribution
OMB No. 1545-1760
Payments From
country, ZIP or foreign postal code, and telephone no.
Qualified
2019
Education
$
Programs
2 Earnings
(Under Sections
529 and 530)
1099-Q
$
Form
Copy B
PAYER’S/TRUSTEE'S TIN
RECIPIENT’S TIN
3 Basis
4 Trustee-to-trustee
transfer
For Recipient
$
RECIPIENT’S name
5 Distribution is from:
6 If this box is checked, the
This is important tax
recipient is not the
information and is
• Qualified tuition program—
designated beneficiary
being furnished to
or
Private
State
the IRS. If you are
required to file a return,
Street address (including apt. no.)
• Coverdell ESA
a negligence penalty
If the fair market value (FMV) is shown below, see Pub. 970,
or other sanction may
Tax Benefits for Education, for how to figure earnings.
be imposed on you
City or town, state or province, country, and ZIP or foreign postal code
if this income is
taxable and the IRS
determines that it has
Account number (see instructions)
not been reported.
1099-Q
(keep for your records)
Form
www.irs.gov/Form1099Q
Department of the Treasury - Internal Revenue Service
Instructions for Recipient
Under a CESA, the amount in box 2 is included in income if there has been a
change in the designated beneficiary and the new designated beneficiary is not
Distributions from Coverdell education savings accounts (CESAs) under section
a family member or is over age 30 (except for beneficiaries with special needs).
530, and qualified tuition programs (QTPs) under section 529, including rollovers,
Also, an additional 10% tax may apply to part or all of any amount included in
may be taxable. Nontaxable distributions from CESAs and QTPs are not required
income from the CESA or QTP. See Form 5329 and your tax return instructions
to be reported on your income tax return. You must determine the taxability of
for more information.
any distribution. See Pub. 970 and Form 1040 and its separate instructions for
more information. Also see Form 5329 and its separate instructions.
If a final (total) distribution is made from your account and you have not
recovered your contributions, see Pub. 970 to determine if you have a
Recipient's taxpayer identification no. (TIN). For your protection, this form
deductible loss and how to claim it.
may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN).
However, the payer or trustee has reported your complete TIN to the IRS.
Box 3. Shows your basis in the gross distribution reported in box 1.
Account number. May show an account or other unique number the payer has
Box 4. This box is checked if a trustee-to-trustee transfer was made from one QTP to
assigned to distinguish your account.
another QTP, from one CESA to another CESA, from a CESA to a QTP, or from a QTP
Box 1. Shows the gross distribution (including in-kind distributions) paid to you
to an ABLE account. However, in certain transfers from a CESA, the box will be blank.
this year from a QTP or a CESA. This amount is the total of the amounts shown
Box 5. Shows whether the gross distribution was from a QTP (private or state)
in box 2 and box 3. See Pub. 970 for more information.
or from a CESA.
Caution: For CESA distributions (other than earnings on excess contributions) made
Box 6. The designated beneficiary is the individual named in the document
during 2019, the payer/trustee is not required to report amounts in boxes 2 and 3.
creating the trust or custodial account to receive the benefit of the funds in the
Instead, the payer/trustee may report the fair market value of the CESA as of
account. If you are not the designated beneficiary, see Pub. 970 and the
December 31, 2019, in the blank box below boxes 5 and 6. To figure your earnings and
Instructions for Form 1040.
basis, use the Coverdell ESA—Taxable Distributions and Basis worksheet in Pub. 970.
Distribution codes. For 2019, the payer/trustee may, but is not required to,
Box 2. Shows the earnings part of the gross distribution shown in box 1. Generally,
report (in the box below boxes 5 and 6) one of the following codes to identify the
amounts distributed that are used to pay for qualified education expenses,
distribution you received: 1—Distributions (including transfers); 2—Excess
transferred between trustees, or rolled over to another qualified education
contributions plus earnings taxable in 2019; 3—Excess contributions plus
program, or to an ABLE account, within 60 days, are not included in income.
earnings taxable in 2018; 4—Disability; 5—Death; 6—Prohibited transaction.
Under a QTP, the amount in box 2 is included in income if there has been (a)
Future developments. For the latest information about developments related to
more than one transfer or rollover within any 12-month period with respect to
Form 1099-Q and its instructions, such as legislation enacted after they were
the same beneficiary, or (b) a change in the designated beneficiary and the new
published, go to www.irs.gov/Form1099Q.
designated beneficiary is not a family member.
VOID
CORRECTED
PAYER’S/TRUSTEE'S name, street address, city or town, state or province,
1 Gross distribution
OMB No. 1545-1760
Payments From
country, ZIP or foreign postal code, and telephone no.
Qualified
2019
Education
$
Programs
2 Earnings
(Under Sections
529 and 530)
1099-Q
$
Form
PAYER’S/TRUSTEE'S TIN
RECIPIENT’S TIN
3 Basis
4 Trustee-to-trustee
Copy C
transfer
$
For Payer
RECIPIENT’S name
5 Distribution is from:
6 Check if the recipient is
not the designated
For Privacy Act
• Qualified tuition program—
beneficiary
and Paperwork
or
Private
State
Reduction Act
Street address (including apt. no.)
• Coverdell ESA
Notice, see the
2019 General
City or town, state or province, country, and ZIP or foreign postal code
Instructions for
Certain
Information
Account number (see instructions)
Returns.
1099-Q
Form
www.irs.gov/Form1099Q
Department of the Treasury - Internal Revenue Service
Instructions for Payer/Trustee
To complete Form 1099-Q, use:
File Copy A of this form with the IRS by February 28,
2020. If you file electronically, the due date is March 31,
• The 2019 General Instructions for Certain Information
2020. To file electronically, you must have software that
Returns, and
generates a file according to the specifications in Pub.
• The 2019 Instructions for Form 1099-Q.
1220.
To order these instructions and additional forms, go
Need help? If you have questions about reporting on
to www.irs.gov/Form1099Q.
Form 1099-Q, call the information reporting customer
service site toll free at 866-455-7438 or 304-263-8700
Due dates. Furnish Copy B of this form to the recipient
(not toll free). Persons with a hearing or speech
by January 31, 2020.
disability with access to TTY/TDD equipment can call
304-579-4827 (not toll free).