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 ...

An IRA distribution for higher education expenses ... regulations for filing the form required to report distributions from any type of IRA, and more. IRS Publication 590-B spells out the tax ...

The guidance on using the alternative method to distribute Form 1095-C was issued by the IRS on February 21, 2025, and essentially mirrors the existing guidance for alternative distribution of ...