Instructions for IRS Form 1099-QA, 5498-QA

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Instructions for IRS Form 1099-QA, 5498-QA

This document contains official instructions for IRS Form 1099-QA , and IRS Form 5498-QA . Both forms are released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.

FAQ

Q: What is IRS Form 1099-QA?
A: IRS Form 1099-QA is used to report distributions made from a Qualified ABLE Program.

Q: What is a Qualified ABLE Program?
A: A Qualified ABLE Program is a tax-advantaged savings program for individuals with disabilities.

Q: Who files IRS Form 1099-QA?
A: The entity that administers the Qualified ABLE Program is responsible for filing Form 1099-QA.

Q: What information is reported on Form 1099-QA?
A: Form 1099-QA reports the amount and type of distributions made from a Qualified ABLE Program.

Q: What is IRS Form 5498-QA?
A: IRS Form 5498-QA is used to report contributions made to a Qualified ABLE Program.

Q: Who files IRS Form 5498-QA?
A: The entity that administers the Qualified ABLE Program is responsible for filing Form 5498-QA.

Q: What information is reported on Form 5498-QA?
A: Form 5498-QA reports the amount of contributions made to a Qualified ABLE Program.

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Instruction Details:

  • This 4-page document is available for download in PDF;
  • Actual and applicable for filing 2023 taxes;
  • Complete, printable, and free.

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