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Instructions for Recipient

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

Note: Nontaxable distributions from Coverdell education savings accounts

to the same beneficiary, or (b) a change in the designated beneficiary and the

(CESAs) under section 530, and qualified tuition programs (QTPs) under section

new designated beneficiary is not a family member.

529, including rollovers, are not required to be reported on your income tax

Under a CESA, the amount in box 2 is included in income if there has been a

return. You must determine the taxability of any distribution. See Pub. 970 for

change in the designated beneficiary and the new designated beneficiary is not

more information.

a family member or is over age 30 (except for beneficiaries with special needs).

Recipient's taxpayer identification no. For your protection, this form may

Also, an additional 10% tax may apply to part or all of any amount included in

show only the last four digits of your SSN, ITIN, ATIN, or EIN. However, the

income from the CESA or QTP. See Form 5329 and your tax return instructions

payer or trustee has reported your complete identification number to the IRS.

for more information.

Account number. May show an account or other unique number the payer has

If a final (total) distribution is made from your account and you have not

assigned to distinguish your account.

recovered your contributions, see Pub. 970 to determine if you have a

Box 1. Shows the gross distribution (including in-kind distributions) paid to you

deductible loss and how to claim it.

this year from a QTP or a CESA. This amount is the total of the amounts shown

Box 3. Shows your basis in the gross distribution reported in box 1.

in box 2 and box 3. See Pub. 970 for more information.

Box 4. This box is checked if a trustee-to-trustee transfer was made from one

Caution: For CESA distributions (other than earnings on excess contributions)

QTP to another QTP, from one CESA to another CESA, or from a CESA to a

made during 2017, the payer/trustee is not required to report amounts in boxes

QTP. However, in certain transfers from a CESA, the box will be blank.

2 and 3. Instead, the payer/trustee may report the fair market value of the CESA

Box 5. Shows whether the gross distribution was from a QTP (private or state)

as of December 31, 2017, in the blank box below boxes 5 and 6. To figure your

or from a CESA.

earnings and basis, use the Coverdell ESA—Taxable Distributions and Basis

Box 6. The designated beneficiary is the individual named in the document

worksheet in Pub. 970.

creating the trust or custodial account to receive the benefit of the funds in the

Box 2. Shows the earnings part of the gross distribution shown in box 1.

account. If you are not the designated beneficiary, see Pub. 970 and the

Generally, amounts distributed that are used to pay for qualified education

Instructions for Form 1040.

expenses, transferred between trustees, or rolled over to another qualified

Distribution codes. For 2017, the payer/trustee may, but is not required to,

education program within 60 days, are not included in income. Report taxable

report (in the box below boxes 5 and 6) one of the following codes to identify the

amounts as “Other Income” on Form 1040. Also see Form 5329 and its separate

distribution you received: 1—Distributions (including transfers); 2—Excess

instructions.

contributions plus earnings taxable in 2017; 3—Excess contributions plus

earnings taxable in 2016; 4—Disability; 5—Death; 6—Prohibited transaction.

Form 1099-Q - Payments From Qualified Education Programs (Under Sections 529 And 530) - 2017 Page 4

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