How Do You Fill Out IRS Form 1099-Q?
IRS Form 1099-Q is sent to those taxpayers who received payments from qualified education investments, such as 529 or 530 college savings programs. This article is written from the point of view of the entity filling out the 1099-Q, not the person receiving it. Call (800) TAX-FORM or visit the IRS online form ordering website (see resources below) to obtain acceptable copies of Form 1099-Q to send to recipients. Although Form 1099-Q is available for viewing online, the e-version of the form is unacceptable to send to taxpayers or the Internal Revenue Service. Check the “Void” or “Corrected” box at the top of the 1099 form if applicable. Enter the Payer’s/Trustee’s name, street address, city, state, ZIP code and telephone number in the first box. The Payer/Trustee is the organization or entity that released the educational monetary distribution. Enter the Payer’s/Trustee’s Federal Tax ID number and the recipient’s Social Security number in the two boxes beneath the first box. Below this
