0425 Form 1099-Q (PDF) — verbatim text

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1099q.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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Cat. No. 32223J

Department of the Treasury - Internal Revenue Service

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 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.

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 1099-Q Form (Rev. April 2025)
PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.	PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.	2 Earnings $	2 Earnings $
PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.	PAYER’S/TRUSTEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.	2 Earnings $	For calendar year
PAYER’S/TRUSTEE’S TIN	RECIPIENT’S TIN	3 Basis $	4 Type of transfer: a Trustee-to-trustee b QTP to Roth IRA
RECIPIENT’S name	RECIPIENT’S name	RECIPIENT’S name	RECIPIENT’S name
RECIPIENT’S name	RECIPIENT’S name	5 Distribution is from: a Private QTP b State QTP c Coverdell ESA	6 Check if the recipient is not the designated beneficiary
Street address (including apt. no.)	Street address (including apt. no.)	Street address (including apt. no.)	Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code	City or town, state or province, country, and ZIP or foreign postal code	7 If the fair market value (FMV) is shown below, seePub. 970, Tax Benefits for Education, for how to figure earnings.	7 If the fair market value (FMV) is shown below, seePub. 970, Tax Benefits for Education, for how to figure earnings.
Account number (see instructions)	Account number (see instructions)	Account number (see instructions)	Account number (see instructions)

Form 1099-Q (Rev. 4-2025) (keep for your records) www.irs.gov/Form1099Q

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.