Instructions For Form 1099-G - 2000 (Page 4 of 4) in pdf

a change in beneficiary. Thus, a transfer from the designated

or grants for projects designed to conserve or produce energy,

beneficiary's account to himself or herself, regardless of whether

but only with respect to section 38 property or a dwelling unit

the transfer is to an account within the same QSTP or another

located in the United States. Also report amounts of other

QSTP in the same or another state, is not a rollover and must

taxable grants of $600 or more. A Federal grant is ordinarily

be reported on Form 1099-G.

taxable unless stated otherwise in the legislation authorizing the

grant. Do not report scholarship or fellowship grants. See

For more information on reporting distributions, see Proposed

Scholarships in the Instructions for Form 1099-MISC.

Regulations section 1.529-4.

Earnings. To determine the earnings, you may use the

Box 7

earnings ratio described in Proposed Regulations section

Enter USDA agricultural subsidy payments made during the

1.529-3. These earnings are not subject to backup withholding.

year. If you are a nominee that received subsidy payments for

Program's name and EIN. In the Payer's name and Federal

another person, file Form 1099-G to report the actual owner of

identification number areas of the form, enter the name and

the payments, and report the amount of the payments in box 7.

employer identification number (EIN) of the QSTP. If the QSTP

is using the EIN of the state, enter the name of the state on the

Box 8

first name line and the name of the program on the second name

If the amount in box 2 is a refund, credit, or offset attributable to

line.

an income tax that applies exclusively to income from a trade

Box 6

or business and is not a tax of general application, enter an “X”

in this box.

Enter any amount of a taxable grant administered by a Federal,

state, or local program to provide subsidized energy financing

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Instructions For Form 1099-G - 2000 Page 4