Instructions For Form 1099-Q - 2013
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1
22013
Department of the Treasury
Internal Revenue Service
Instructions for
Form 1099-Q
Payments from Qualified Education Programs (Under Sections 529 and 530)
Payer's Name and Federal Identification
Section references are to the Internal Revenue Code unless
otherwise noted.
Number
Future Developments
QTP. For the payer's/trustee's name and federal
identification number, enter the name and employer
For the latest information about developments related to
identification number (EIN) of the QTP. For a program
Form 1099-Q and its instructions, such as legislation enacted
established and maintained by a state that uses the EIN of
after they were published, go to
the state, enter the name of the state on the first name line
Reminder
and the name of the program on the second name line.
In addition to these specific instructions, you should also use
Coverdell ESA. Enter the name and EIN of the trustee.
the 2013 General Instructions for Certain Information
Returns. Those general instructions include information
Recipient's Name and Social Security Number
about the following topics.
(SSN)
Backup withholding.
QTP. List the designated beneficiary as the recipient only if
Electronic reporting requirements.
the distribution is made (a) directly to the designated
Penalties.
beneficiary, or (b) to an eligible educational institution for the
Who must file (nominee/middleman).
benefit of the designated beneficiary. Otherwise, list the
When and where to file.
account owner as the recipient of the distribution. Enter the
Taxpayer identification numbers.
SSN for the applicable recipient.
Statements to recipients.
Coverdell ESA. Enter the name and SSN of the designated
Corrected and void returns.
beneficiary as the recipient.
Other general topics.
You can get the general instructions at
Account Number
form1099q
or by calling 1-800-TAX-FORM
The account number is required if you have multiple
(1-800-829-3676).
accounts for a recipient for whom you are filing more than
one Form 1099-Q. Additionally, the IRS encourages you to
Specific Instructions
designate an account number for all Forms 1099-Q that you
file. See part L in the 2013 General Instructions for Certain
File Form 1099-Q, Payments From Qualified Education
Information Returns.
Programs (Under Sections 529 and 530), if you (a) are an
officer or an employee, or the designee of an officer or
Box 1. Gross Distribution
employee, having control of a program established by a state
or eligible educational institution; and (b) made a distribution
Gross distributions from a QTP, whether in cash or in-kind,
from a qualified tuition program (QTP). A trustee of a
include amounts for tuition credits or certificates, payment
Coverdell education savings account (ESA) must file Form
vouchers, tuition waivers, or other similar items. Gross
1099-Q to report distributions made from Coverdell ESAs.
distributions also include a refund to the account owner or
the designated beneficiary, or to the beneficiary upon death
Do not file Form 1099-Q for a change in the name of the
or disability. For more information on reporting distributions,
designated beneficiary on a QTP account if the new
see Proposed Regulations section 1.529-4.
beneficiary is a member of the former beneficiary's family.
For a Coverdell ESA, the new beneficiary must be a member
Gross distributions from a Coverdell ESA include amounts
of the designated beneficiary's family and be under age 30
for a refund, a payment upon death or disability, or a
(except beneficiaries with special needs).
withdrawal of excess contributions plus earnings.
Family members of the designated beneficiary include the
If earnings and basis are not reported for Coverdell
beneficiary's spouse. Also included are the beneficiary's
ESA distributions, leave boxes 2 and 3 blank. Do not
!
children, stepchildren, foster children, and their descendants;
enter zero. Instead, you must report the fair market
siblings and their children; parents, their siblings, and
CAUTION
value (FMV) as of the end of the year in the blank box below
ancestors; stepparents; in-laws; the spouse of any of the
boxes 5 and 6. Label the amount “FMV.” See Notice
foregoing; and any first cousin of the designated beneficiary.
2003-53, 2003-33 I.R.B. 362, available at
irb/
2003-33_IRB/ar15.html, for more reporting requirements.
Statements to Recipients
If you are required to file Form 1099-Q, you also must provide
Box 2. Earnings
a statement to the recipient. Furnish a copy of Form 1099-Q
or an acceptable substitute statement to each recipient. See
To determine the earnings or (loss) on the gross distribution
part M in the 2013 General Instructions for Certain
reported in box 1, use the earnings ratio described in
Information Returns.
Proposed Regulations section 1.529-3 and Notice 2001-81.
Oct 23, 2012
Cat. No. 32260M
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