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E-file IRS Form 1099-QA Online for 2022 Tax Year

What is a 1099-QA Form?

Form 1099-QA is used to report distributions from the Achieving a Better Life Experience (ABLE) Account for special needs individuals with a disability. Any state, agency, or instrumentality that establishes and maintains a qualified ABLE program must file a 1099-QA tax return (Distributions from ABLE Accounts), for each ABLE account from which any distribution was made or that was terminated during the taxable year.

A qualified ABLE program is a program established and maintained by a state, agency, or instrumentality of a state:

  • Under which an ABLE account may be established for a blind or disabled individual whose blindness or disability occurred earlier than the age of 26 an eligible individual is a proprietor and designated beneficiary of the account.
  • Which permits contributions to such ABLE account to pay for the qualified disability expenses of the account’s designated beneficiary.
  • Meets the alternative requirements of section 529A.

Do not file Form 1099-QA for a change in the name of the designated beneficiary on an ABLE account. If the new designated beneficiary is an eligible individual or a member of the family of the former designated beneficiary.

How to File Form 1099-QA?

1099 QA Form
  • Box 1: Gross Distribution

  • Box 2: Earnings

  • Box 3: Basis

  • Box 4: Program-to-Program Transfer Checkbox

  • Box 5: ABLE Account Terminated Checkbox

  • Box 6: Other Than Designated Beneficiary Checkbox

Information required to file Form 1099-QA:

  • Taxpayer's (PAYER/RECIPIENT) information
  • Account number
  • Distributions information

The IRS encourages you to designate an account number for all Forms 1099-QA that you file.

Watch our step-by-step video to E-file Form 1099-QA by Tax2efile

Who Must File Form 1099-QA?

The filing can be done by an officer, employee of the state, agency, or instrumentality that has control of the qualified ABLE program. If the new designated beneficiary is not an eligible individual for the tax year or is not a member of the family of the former beneficiary, the Form 1099-QA filed concerning the former designated beneficiary should include in Box 1 the Fair Market Value (FMV) of the assets in the ABLE account on the date on which the change is made to the new designated beneficiary.

There are three copies of the tax returns. The first copy will go to the IRS, the second copy is for the Recipient, and the third copy is for the Payer.

When is the Deadline for Form 1099-QA?

Filing Type Deadline
Recipient copy January 31st
IRS Paper Filing February 28th
IRS Electronic Filing March 31st

Note: If the due date/deadline falls on a Saturday, Sunday, or federal holiday, the filer will need to E-file on the next business day.

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