Form 1099-Q (Rev. April 2025)

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3131

VOID

CORRECTED

PAYER’S/TRUSTEE’S name, street address, city or town, state or province,
country, ZIP or foreign postal code, and telephone no.

1 Gross distribution

OMB No. 1545-1760
Form

$
2 Earnings

1099-Q

(Rev. April 2025)
For calendar year

$
PAYER’S/TRUSTEE’S TIN

RECIPIENT’S TIN

3 Basis

4 Type of transfer:

$

RECIPIENT’S name

5 Distribution is from:
Street address (including apt. no.)

a

Private QTP

b

State QTP

c

Coverdell ESA

City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions)

a

Trustee-to-trustee

b

QTP to Roth IRA

6 Check if the recipient is
not the designated
beneficiary

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

Copy A
For
Internal Revenue
Service Center
For filing information,
Privacy Act, and
Paperwork Reduction
Act Notice, see the
General Instructions
for Certain
Information
Returns.
www.irs.gov/Form1099

Form 1099-Q (Rev. 4-2025)

Cat. No. 32223J

www.irs.gov/Form1099Q

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

CORRECTED (if checked)
PAYER’S/TRUSTEE’S name, street address, city or town, state or province,
country, ZIP or foreign postal code, and telephone no.

1 Gross distribution

OMB No. 1545-1760
Form

$
2 Earnings

1099-Q

(Rev. April 2025)
For calendar year

$
PAYER’S/TRUSTEE’S TIN

RECIPIENT’S TIN

3 Basis

4 Type of transfer:

$

RECIPIENT’S name

5 Distribution is from:
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code

a

Private QTP

b

State QTP

c

Coverdell ESA

Form 1099-Q (Rev. 4-2025)

(keep for your records)

www.irs.gov/Form1099Q

Copy B

a

Trustee-to-trustee

For Recipient

b

QTP to Roth IRA

This is important tax
information and is
being furnished to
the IRS. 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.

6 Check if the recipient is
not the designated
beneficiary

7 If the fair market value (FMV) is shown below, see Pub. 970,
Tax Benefits for Education, for how to figure earnings.

Account number (see instructions)

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

Department of the Treasury - Internal Revenue Service

Instructions for Recipient
Distributions from Coverdell education savings accounts (CESAs) under section 530
and qualified tuition programs (QTPs) under section 529, including rollovers, may be
taxable. Nontaxable distributions from CESAs and QTPs are not required to be
reported on your income tax return. You must determine the taxability of any
distribution. See Pub. 970 and the Instructions for Forms 1040 and 1040-SR for more
information. Also see Form 5329 and its separate instructions.
Recipient’s taxpayer identification no. (TIN). For your protection, this form may
show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the payer
or trustee has reported your complete TIN to the IRS.
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 QTP or a CESA. This amount is the total of the amounts shown in boxes 2
and 3. See Pub. 970 for more information.
Caution: For CESA distributions (other than earnings on excess contributions) made
during the calendar year, 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 of the calendar year in box 7. 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 that are used to pay for qualified education expenses, transferred
between trustees, or rolled over to another qualified education program or to an ABLE
account, within 60 days, are not included in income.
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, see Pub. 970 to determine if you have a deductible loss and how to
claim it.
Box 3. Shows your basis in the gross distribution reported in box 1.
Boxes 4a-4b. Show whether a transfer was made from a trustee-to-trustee (from one
QTP to another QTP, one CESA to another CESA, a CESA to a QTP, or a QTP to an
ABLE account), or from a QTP to a Roth IRA. However, in certain transfers from a
CESA the box will be blank.
Boxes 5a-5c. Show whether the gross distribution was from a private QTP, state QTP,
or CESA.
Box 6. The designated beneficiary is the individual named in the document creating
the trust or custodial account to receive the benefit of the funds in the account. If you
are not the designated beneficiary, see Pub. 970 and the Instructions for Forms 1040
and 1040-SR.
Distribution codes. For the calendar year, the payer/trustee may, but is not required
to, report in box 7 one of the following codes to identify the distribution you received:
1—Distributions (including transfers); 2—Excess contributions plus earnings taxable in
the calendar year; 3—Excess contributions plus earnings taxable in the prior calendar
year; 4—Disability; 5—Death; or 6—Prohibited transaction.
Future developments. For the latest information about developments related to Form
1099-Q and its instructions, such as legislation enacted after they were published, go
to www.irs.gov/Form1099Q.
Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online
federal tax preparation, e-filing, and direct deposit or payment options.