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Federal Free Printable Form 1099-Q (Rev. November 2019) for 2021 Federal Payments From Qualified Education Programs (Under Sections 529 and 530)

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Payments From Qualified Education Programs (Under Sections 529 and 530)
Form 1099-Q (Rev. November 2019)

3131 VOID CORRECTED PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1 Gross distribution OMB No. 1545-1760 Form $ 1099-Q (Rev. November 2019) 2 Earnings For calendar year 20 $ PAYER’S/TRUSTEE’S TIN RECIPIENT’S TIN 3 Basis 4 Trustee-to-trustee transfer $ 5 Distribution is from: RECIPIENT’S name • Qualified tuition program— www.irs.gov/Form1099Q Department of the Treasury - Internal Revenue Service • Coverdell ESA Account number (see instructions) Cat. No. 32223J For Internal Revenue Service Center File with Form 1096. For Privacy Act and Paperwork Reduction Act Notice, see the current General Instructions for Certain Information Returns. City or town, state or province, country, and ZIP or foreign postal code Form 1099-Q (Rev. 11-2019) Copy A or State Private Street address (including apt. no.) 6 Check if the recipient is not the designated beneficiary Payments From Qualified Education Programs (Under Sections 529 and 530) 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, country, ZIP or foreign postal code, and telephone no. 1 Gross distribution OMB No. 1545-1760 Form $ 1099-Q (Rev. November 2019) 2 Earnings For calendar year 20 $ PAYER’S/TRUSTEE’S TIN RECIPIENT’S TIN 3 Basis 4 Trustee-to-trustee transfer $ 5 Distribution is from: RECIPIENT’S name • Qualified tuition program— Private Street address (including apt. no.) or State • Coverdell ESA City or town, state or province, country, and ZIP or foreign postal code If the fair market value (FMV) is shown below, see Pub. 970, Tax Benefits for Education, for how to figure earnings. Account number (see instructions) Form 1099-Q (Rev. 11-2019) 6 If this box is checked, the recipient is not the designated beneficiary (keep for your records) www.irs.gov/Form1099Q Payments From Qualified Education Programs (Under Sections 529 and 530) Copy B For Recipient This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Department of the Treasury - Internal Revenue Service Instructions for Recipient Distributions from Coverdell education savings accounts (CESAs) under section 530 and qualified tuition programs (QTPs) under section 529, including rollovers, may be taxable. Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution. See Pub. 970 and the Instructions for Forms 1040 and 1040-SR for more information. Also see Form 5329 and its separate instructions. Recipient’s taxpayer identification no. (TIN). For your protection, this form 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. Account number. May show an account or other unique number the payer has assigned to distinguish your account. 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 and 3. See Pub. 970 for more information. Caution: For CESA distributions (other than earnings on excess contributions) made during the calendar year, the payer/trustee is not required to report amounts in boxes 2 and 3. Instead, the payer/trustee may report the fair market value of the CESA as of December 31 of the calendar year in the blank box below boxes 5 and 6. To figure your earnings and basis, use the Coverdell ESA—Taxable Distributions and Basis worksheet in Pub. 970. Box 2. Shows the earnings part of the gross distribution shown in box 1. Generally, amounts distributed that are used to pay for qualified education expenses, transferred between trustees, or rolled over to another qualified education program or to an ABLE account, within 60 days, are not included in income. Under a QTP, the amount in box 2 is included in income if there has been (a) more than one transfer or rollover within any 12-month period with respect to the same beneficiary, or (b) a change in the designated beneficiary and the new designated beneficiary is not a family member. 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 family member or is over age 30 (except for beneficiaries with special needs). Also, an additional 10% tax may apply to part or all of any amount included in income from the CESA or QTP. See Form 5329 and your tax return instructions for more information. 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 claim it. Box 3. Shows your basis in the gross distribution reported in box 1. Box 4. This box is checked if a trustee-to-trustee transfer was made from one QTP to 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 5. Shows whether the gross distribution was from a QTP (private or state) or from a CESA. Box 6. The designated beneficiary is the individual named in the document creating the trust or custodial account to receive the benefit of the funds in the account. If you are not the designated beneficiary, see Pub. 970 and the Instructions for Forms 1040 and 1040-SR. 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 distribution you received: 1—Distributions (including transfers); 2—Excess contributions plus earnings taxable in the calendar year; 3—Excess contributions plus earnings taxable in the prior calendar year; 4—Disability; 5—Death; or 6—Prohibited transaction. Future developments. For the latest information about developments related to Form 1099-Q and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099Q. VOID CORRECTED PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1 Gross distribution OMB No. 1545-1760 Form $ 1099-Q (Rev. November 2019) 2 Earnings For calendar year 20 $ PAYER’S/TRUSTEE’S TIN RECIPIENT’S TIN 3 Basis 4 Trustee-to-trustee transfer $ RECIPIENT’S name 5 Distribution is from: • Qualified tuition program— Private Street address (including apt. no.) or State • Coverdell ESA City or town, state or province, country, and ZIP or foreign postal code Account number (see instructions) Form 1099-Q (Rev. 11-2019) www.irs.gov/Form1099Q 6 Check if the recipient is not the designated beneficiary Payments From Qualified Education Programs (Under Sections 529 and 530) Copy C For Payer For Privacy Act and Paperwork Reduction Act Notice, see the current General Instructions for Certain Information Returns. Department of the Treasury - Internal Revenue Service Instructions for Payer/Trustee To complete Form 1099-Q, use: • The current General Instructions for Certain Information Returns, and • The current Instructions for Form 1099-Q. To order these instructions and additional forms, go to www.irs.gov/Form1099Q. Filing and furnishing. For filing and furnishing instructions, including due dates, and to request filing or furnishing extensions, see the current General Instructions for Certain Information Returns. To file electronically, you must have software that generates a file according to the specifications in Pub. 1220. Need help? If you have questions about reporting on Form 1099-Q, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).
Extracted from PDF file 2020-federal-form-1099-q.pdf, last modified October 2019

More about the Federal Form 1099-Q Corporate Income Tax TY 2020

We last updated the Payments From Qualified Education Programs (Under Sections 529 and 530) in July 2021, so this is the latest version of Form 1099-Q, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 1099-Q directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal Form 1099-Q.

Form Code Form Name
Form 1099-QA Distributions from ABLE Accounts

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1099-Q from the Internal Revenue Service in July 2021.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal Form 1099-Q

We have a total of nine past-year versions of Form 1099-Q in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 1099-Q

Form 1099-Q (Rev. November 2019)

2019 Form 1099-Q

2019 Form 1099-Q

2017 Form 1099-Q

2018 Form 1099-Q

2016 Form 1099-Q

2017 Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530) 2015 Form 1099-Q

2016 Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530) 2014 Form 1099-Q

2014 Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530) 2013 Form 1099-Q

2013 Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530) 2012 Form 1099-Q

2012 Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530) 2011 Form 1099-Q

2012 Form 1099-Q


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