Cultura RM Exclusive/Stefano Gilera / Getty Images Form 1099-Q: Payments From Qualified Education Programs is an Internal Revenue Service (IRS) tax form sent to individuals who receive ...
Form 1099-Q documents "payments from qualified education programs." If you received distributions from a 529 plan or Coverdell education savings account (CESA) for education expenses, you'll ...
1099-Q: Payments from Qualified Education Programs Generally, income received on Form 1099-Q is tax-free as you’ll most likely have received this form due to distributions from qualified tuition ...
Hosted on MSN12mon
What Is a 1099 Form and What Should You Do With It?Keep records of those qualified expenses in your tax files. Similarly, you'll receive Form 1099-Q for distributions from 529 plans, but money you used for qualified education expenses aren't taxable.
1099-Q: The 1099-Q reports money that you, your child, or your child's school receives from a 529 plan. Keep in mind, however, that the earnings in a 529 plan are generally not subject to tax when ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results