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 on November 1, 2019. 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 2022 taxes;
  • Additional instructions and information can be found on page 3 of the document;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

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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3131
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.
1099-Q
Qualified
Form
Education
$
Programs
(Rev. November 2019)
2 Earnings
(Under Sections
For calendar year
529 and 530)
20
$
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
current General
Instructions for
Account number (see instructions)
Certain Information
Returns.
1099-Q
(Rev. 11-2019)
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
3131
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.
1099-Q
Qualified
Form
Education
$
Programs
(Rev. November 2019)
2 Earnings
(Under Sections
For calendar year
529 and 530)
20
$
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
current General
Instructions for
Account number (see instructions)
Certain Information
Returns.
1099-Q
(Rev. 11-2019)
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.
1099-Q
Qualified
Form
Education
$
Programs
(Rev. November 2019)
2 Earnings
(Under Sections
For calendar year
529 and 530)
20
$
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
(Rev. 11-2019)
(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 a
Distributions from Coverdell education savings accounts (CESAs) under section 530
family member or is over age 30 (except for beneficiaries with special needs).
and qualified tuition programs (QTPs) under section 529, including rollovers, may be
Also, an additional 10% tax may apply to part or all of any amount included in
taxable. Nontaxable distributions from CESAs and QTPs are not required to be
income from the CESA or QTP. See Form 5329 and your tax return instructions for
reported on your income tax return. You must determine the taxability of any
more information.
distribution. See Pub. 970 and the Instructions for Forms 1040 and 1040-SR 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 deductible loss and how to
Recipient’s taxpayer identification no. (TIN). For your protection, this form may
claim it.
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 to an
ABLE account. However, in certain transfers from a CESA, the box will be blank.
Box 1. Shows the gross distribution (including in-kind distributions) paid to you this
year from a QTP or a CESA. This amount is the total of the amounts shown in boxes 2
Box 5. Shows whether the gross distribution was from a QTP (private or state) or from
and 3. See Pub. 970 for more information.
a CESA.
Caution: For CESA distributions (other than earnings on excess contributions) made during the
Box 6. The designated beneficiary is the individual named in the document creating
calendar year, the payer/trustee is not required to report amounts in boxes 2 and 3. Instead, the
the trust or custodial account to receive the benefit of the funds in the account. If you
payer/trustee may report the fair market value of the CESA as of December 31 of the calendar
are not the designated beneficiary, see Pub. 970 and the Instructions for Forms 1040
year in the blank box below boxes 5 and 6. To figure your earnings and basis, use the Coverdell
and 1040-SR.
ESA—Taxable Distributions and Basis worksheet in Pub. 970.
Distribution codes. For the calendar year, the payer/trustee may, but is not required
to, report (in the box below boxes 5 and 6) one of the following codes to identify the
Box 2. Shows the earnings part of the gross distribution shown in box 1. Generally,
distribution you received: 1—Distributions (including transfers); 2—Excess
amounts distributed that are used to pay for qualified education expenses, transferred
contributions plus earnings taxable in the calendar year; 3—Excess contributions plus
between trustees, or rolled over to another qualified education program or to an ABLE
earnings taxable in the prior calendar year; 4—Disability; 5—Death; or 6—Prohibited
account, within 60 days, are not included in income.
transaction.
Under a QTP, the amount in box 2 is included in income if there has been (a) more
Future developments. For the latest information about developments related to Form
than one transfer or rollover within any 12-month period with respect to the same
1099-Q and its instructions, such as legislation enacted after they were published, go
beneficiary, or (b) a change in the designated beneficiary and the new designated
to www.irs.gov/Form1099Q.
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.
1099-Q
Qualified
Form
Education
$
Programs
(Rev. November 2019)
2 Earnings
(Under Sections
For calendar year
529 and 530)
20
$
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
current 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
(Rev. 11-2019)
Form
www.irs.gov/Form1099Q
Department of the Treasury - Internal Revenue Service
Instructions for Payer/Trustee
To complete Form 1099-Q, use:
To file electronically, you must have software that
generates a file according to the specifications in Pub.
• The current General Instructions for Certain
1220.
Information Returns, and
Need help? If you have questions about reporting on
• The current Instructions for Form 1099-Q.
Form 1099-Q, call the information reporting customer
To order these instructions and additional forms, go
service site toll free at 866-455-7438 or 304-263-8700
to www.irs.gov/Form1099Q.
(not toll free). Persons with a hearing or speech
disability with access to TTY/TDD equipment can call
Filing and furnishing. For filing and furnishing
304-579-4827 (not toll free).
instructions, including due dates, and to request filing or
furnishing extensions, see the current General
Instructions for Certain Information Returns.