CESAs and QTPs are tax-advantaged investment accounts designed to pay for qualified higher education expenses. A 1099-Q form will identify the amount made from the account in gross distributions ...

or any other tax-advantaged plans such as the Health Savings Account (HSA) and the Coverdell Education Savings Account (ESA). Common triggers for Form 5329 include taking an early distribution to ...

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 ...

This is a new form for distributions to partners during tax year 2024. The 7217 is to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating ...