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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 Form 1099-QA (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 before the age of 26 an eligible individual is someone who is the owner 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 other 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 IRS Form 1099-QA?
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Box 4: Program-to-Program Transfer Checkbox
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Box 5: ABLE Account Terminated Checkbox
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Box 6: Other Than Designated Beneficiary Checkbox
Information required to file Form 1099-QA:
- Taxpayer's (PAYER/TRUSTEE) information
- Account number
- Distributions information
The IRS encourages you to designate an account number for all Forms 1099-QA that you file.
E-file your Form 1099-QA
Watch our step by step video for Form 1099-QA
Who can use 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 form the first copy will go to the IRS, the second copy is for the Recipient, and the third copy is for the Payer.
Form 1099-QA deadlines
| 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.