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Instructions for Recipient

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

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

for more information.

assigned to distinguish your account.

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

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

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

this year from a qualified tuition program (QTP), under section 529, or a

deductible loss and how to claim it.

Coverdell ESA (CESA), under section 530. This amount is the total of the

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

amounts shown 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 2013, 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, 2013, 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.

Generally, amounts distributed are included in income unless they are used to

Distribution codes. For 2013, the payer/trustee may, but is not required to,

pay for qualified education expenses, transferred between trustees, or rolled

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

over to another qualified education program within 60 days. Report taxable

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

amounts as “Other Income” on Form 1040.

contributions plus earnings taxable in 2013; 3—Excess contributions plus

Under a QTP, the amount in box 2 is included in income if there has been (a)

earnings taxable in 2012; 4—Disability; 5—Death; 6—Prohibited transaction.

more than one transfer or rollover within any 12-month period with respect to

Note. Nontaxable distributions from CESAs and QTPs, including rollovers, are

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

not required to be reported on your income tax return. See Pub. 970 for more

designated beneficiary is not a family member.

information.

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

Future developments. For the latest information about developments related to

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

Form 1099-Q and its instructions, such as legislation enacted after they were

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

published, go to

Form 1099-Q - Payments From Qualified Education Programs (Under Sections 529 And 530) - 2013 Page 4

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