The person who receives the funds and whose Social Security number is on the form has to report the 1099-Q on their tax return. It’s likely that the student/beneficiary will pay little or no ...

“If the withdrawals were used for qualifying expenses, then the recipient does not need to report the 1099-Q on their tax return as the proceeds are not taxable.” As a practical ...

However, your IRA custodian is required to report QCDs as regular distributions on your 1099-R. Your tax preparer can override this misleading report by excluding the QCD from your taxable income ...

Q. For taxes, how do I replace my 1099 from Social Security? A. The Social Security Administration 1099 tax form is mailed each January to everyone receiving Social Security benefits. For tax ...

"Don't report both, or you'll be double taxed," said ... and the IRS considers the difference between the two to be taxable income. Form 1099-Q documents "payments from qualified education programs." ...

Forbes contributors publish independent expert analyses and insights. I write about 529 plans, ESAs, and other ways to save for college. This article is more than 9 years old. If you withdrew from ...

This time of year, your mailbox is likely filling up with forms that you'll need to file your tax return. Some of these forms might describe how much interest income you received from your bank ...