Form 1099-Q Payments From Qualified Education Programs (Under Sectio

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about printing these tax forms.

3131

VOID

CORRECTED

PAYER’S/TRUSTEE’S name, street address, city, state, ZIP code, and telephone number

1

Gross distribution

2008

$
2

Earnings

$
PAYER’S/TRUSTEE’S federal identification no.

RECIPIENT’S social security number

3

Form

5

4 Trustee-to-trustee
transfer

Check one:

6 Check if the recipient is
not the designated
beneficiary

● Qualified tuition program—

Private

or State

● Coverdell ESA

Street address (including apt. no.)

City, state, and ZIP code

Account number (see instructions)

Form

1099-Q

Cat. No. 32223J

Do Not Cut or Separate Forms on This Page

1099-Q

Basis

$
RECIPIENT’S name

OMB No. 1545-1760

—

Payments From
Qualified
Education
Programs
(Under Sections
529 and 530)
Copy A
For
Internal Revenue
Service Center
File with Form 1096.
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2008 General
Instructions for
Forms 1099, 1098,
5498, and W-2G.

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page

CORRECTED (if checked)
PAYER’S/TRUSTEE’S name, street address, city, state, ZIP code, and telephone number

1

Gross distribution

2008

$
2

Earnings

$
PAYER’S/TRUSTEE’S federal identification no.

RECIPIENT’S social security number

3

Form
Basis

5

Check one:

● Qualified tuition program—

Private
Street address (including apt. no.)

City, state, and ZIP code

or State

1099-Q

6 If this box is checked,
the recipient is not
the designated
beneficiary

● Coverdell ESA
If an FMV amount is shown below, see Pub. 970, Tax
Benefits for Education, for how to figure earnings.

Account number (see instructions)

Form

1099-Q

4 Trustee-to-trustee
transfer

$
RECIPIENT’S name

OMB No. 1545-1760

(keep for your records)

Payments From
Qualified
Education
Programs
(Under Sections
529 and 530)
Copy B
For Recipient
This is important tax
information and is
being furnished to the
Internal Revenue
Service. If you are
required to file a
return, a negligence
penalty or other
sanction may be
imposed on you if this
income is taxable and
the IRS determines
that it has not been
reported.

Department of the Treasury - Internal Revenue Service

Instructions for Recipient
Account number. May show an account or other unique number the
payer has assigned to distinguish your account.
Box 1. Shows the gross distribution (including in-kind distributions) paid
to you this year from a qualified tuition program (QTP), under section 529,
or a Coverdell ESA (CESA), under section 530. This amount is the total
of the amounts shown in box 2 and box 3. See Pub. 970 for more
information.
Caution: For CESA distributions (other than earnings on excess
contributions) made during 2008, the payer/trustee is not required to report
amounts in boxes 2 and 3. Instead, the payer/trustee may report the fair
market value of the CESA as of December 31, 2008, in the blank box below
boxes 5 and 6. To figure your earnings and basis, use the Coverdell
ESA—Taxable Distributions and Basis worksheet in Pub. 970.
Box 2. Shows the earnings part of the gross distribution shown in box 1.
Generally, amounts distributed are included in income unless they are
used to pay for qualified education expenses, transferred between
trustees, or rolled over to another qualified education program within 60
days. Report taxable amounts as “Other Income” on Form 1040.
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 to the same beneficiary, or (b) a change in the designated
beneficiary and the new designated beneficiary is not a family member.
Under a CESA, the amount in box 2 is included in income if there has
been a change in the designated beneficiary and the new

designated beneficiary is not a family member or is over age 30 (except
for beneficiaries with special needs).
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 for more information.
If a final (total) distribution is made from your account and you have
not recovered your contributions, you may have a deductible loss. If you
itemize, claim any loss on the “Other expenses” line of Schedule A (Form
1040), Itemized Deductions.
Box 3. Shows your basis in the gross distribution reported in box 1.
Box 4. This box is checked if you transferred the amount in box 1 from
one education program to another education program in a
trustee-to-trustee transfer. However, this box may not be checked if the
transfer was made from a CESA.
Box 5. Shows whether the gross distribution was from a QTP (private or
state) or from a CESA.
Distribution codes. For 2008, the payer/trustee may, but is not required
to, report (in the box below boxes 5 and 6) one of the following codes to
identify the distribution you received: 1—Distributions (including transfers);
2—Excess contributions plus earnings taxable in 2008; 3—Excess
contributions plus earnings taxable in 2007; 4—Disability; 5—Death;
6—Prohibited transaction. Note: Nontaxable distributions from CESAs
and QTPs, including rollovers, are not required to be reported on your
income tax return. See Pub. 970 for more information.

VOID

CORRECTED

PAYER’S/TRUSTEE’S name, street address, city, state, ZIP code, and telephone number

1

Gross distribution

OMB No. 1545-1760

$
2

2008

Earnings

$
PAYER’S/TRUSTEE’S federal identification no.

RECIPIENT’S social security number

3

Form
Basis

4

$
RECIPIENT’S name

5

Check one:
Private

City, state, and ZIP code

Account number (see instructions)

Form

1099-Q

Copy C
For Payer

● Qualified tuition program—

Street address (including apt. no.)

1099-Q

Trustee-to-trustee
transfer

Payments From
Qualified
Education
Programs
(Under Sections
529 and 530)

or State

● Coverdell ESA

6

Check if the recipient is
not the designated
beneficiary

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2008 General
Instructions for
Forms 1099,
1098, 5498, and
W-2G.

Department of the Treasury - Internal Revenue Service

Instructions for Payers/Trustees
General and specific form instructions are provided
as separate products. The products you should use
to complete Form 1099-Q are the 2008 General
Instructions for Forms 1099, 1098, 5498, and W-2G
and the 2008 Instructions for Form 1099-Q. A chart in
the general instructions gives a quick guide to which
form must be filed to report a particular payment. To
order these instructions and additional forms, visit the
IRS website at www.irs.gov or call 1-800-TAX-FORM
(1-800-829-3676).
Caution: Because paper forms are scanned during
processing, you cannot file with the IRS Forms 1096,
1098, 1099, or 5498 that you download from the IRS
website.
Due dates. Furnish Copy B of this form to the
recipient by February 2, 2009.

File Copy A of this form with the IRS by
March 2, 2009. If you file electronically, the due date is
March 31, 2009. To file electronically, you must have
software that generates a file according to the
specifications in Pub. 1220, Specifications for Filing
Forms 1098, 1099, 5498, and W-2G Electronically. IRS
does not provide a fill-in form option.
Need help? If you have questions about reporting on
Form 1099-Q, call the information reporting customer
service site toll free at 1-866-455-7438 or
304-263-8700 (not toll free). For TTY/TDD equipment,
call 304-267-3367 (not toll free). The hours of
operation are Monday through Friday from 8:30 a.m.
to 4:30 p.m. Eastern time.