Form 1099-Q

2014

Cat. No. 32223J

Payments From 

Qualified 

Education 

Programs 

(Under Sections 

529 and 530)

Copy A

For 

Internal Revenue 

Service Center

Department of the Treasury - Internal Revenue Service

File with Form 1096.

OMB No. 1545-1760

For Privacy Act 

and Paperwork 

Reduction Act 

Notice, see the 

2014 General

Instructions for

Certain Information

Returns.

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.

PAYER’S/TRUSTEE'S federal identification no. RECIPIENT’S social security number

RECIPIENT’S name

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)

1 Gross distribution

$

2 Earnings

$

3 Basis

$

4 Trustee-to-trustee 

transfer

5 Check one:

• Qualified tuition program—

Private or State

• Coverdell ESA

6 Check if the recipient is 

not the designated 

beneficiary

Form 1099-Q www.irs.gov/form1099q

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
Form 1099-Q

2014

Payments From 

Qualified 

Education 

Programs 

(Under Sections 

529 and 530)

Copy B

For Recipient

Department of the Treasury - Internal Revenue Service

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.

OMB No. 1545-1760

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.

PAYER’S/TRUSTEE'S federal identification no. RECIPIENT’S social security number

RECIPIENT’S name

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)

1 Gross distribution

$

2 Earnings

$

3 Basis

$

4 Trustee-to-trustee 

transfer

5 Check one:

• Qualified tuition program—

Private or State

• Coverdell ESA

6 If this box is checked, the 

recipient is not the 

designated beneficiary

If the fair market value (FMV) is shown below, see Pub. 970, 

Tax Benefits for Education, for how to figure earnings.

Form 1099-Q (keep for your records) www.irs.gov/form1099q
Instructions for Recipient

Recipient's identification number. For your protection, this form may show 

only the last four digits of your SSN, ITIN, or ATIN. However, the payer or trustee 

has reported your complete identification number to the IRS and, where 

applicable, to state and/or local governments.

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 2014, 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, 2014, 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, 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.

Box 4. This box is checked if a trustee-to-trustee transfer was made from one

QTP to another QTP, from one CESA to another CESA, or from a CESA to a

QTP. However, in certain transfers from a CESA, the box will be blank.

Box 5. Shows whether the gross distribution was from a QTP (private or state)

or from a 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.

Distribution codes. For 2014, 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 2014; 3—Excess contributions plus

earnings taxable in 2013; 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.
Form 1099-Q

2014

Payments From 

Qualified 

Education 

Programs 

(Under Sections 

529 and 530)

Copy C

For Payer

Department of the Treasury - Internal Revenue Service

OMB No. 1545-1760

For Privacy Act 

and Paperwork 

Reduction Act 

Notice, see the 

2014 General

Instructions for

Certain 

Information

Returns.

VOID CORRECTED

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 federal identification no. RECIPIENT’S social security number

RECIPIENT’S name

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

Account number (see instructions)

1 Gross distribution

$

2 Earnings

$

3 Basis

$

4 Trustee-to-trustee 

transfer

5 Check one:

• Qualified tuition program—

Private or State

• Coverdell ESA

6 Check if the recipient is 

not the designated 

beneficiary

Form 1099-Q www.irs.gov/form1099q
Instructions for Payer/Trustee

To complete Form 1099-Q, use: 

• the 2014 General Instructions for Certain Information 

Returns, and 

• the 2014 Instructions for Form 1099-Q.

To order these instructions and additional forms, go 

to www.irs.gov/form1099q 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,

1097, 1098, 1099, 3921, 3922, or 5498 that you

download from the IRS website.

Due dates. Furnish Copy B of this form to the recipient 

by February 2, 2015.

File Copy A of this form with the IRS by March 2, 

2015. If you file electronically, the due date is 

March 31, 2015. To file electronically, you must have 

software that generates a file according to the 

specifications in Pub. 1220, Specifications for Electronic 

Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 

8935, and W-2G. The 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). Persons with a hearing or speech 

disability with access to TTY/TDD equipment can call 

304-579-4827 (not toll free).