October 20, 2023

What is IRS Form 1099-QA?

If you make a withdrawal from your account, you will receive an IRS Form 1099-QA. This tax form details all withdrawals made throughout the tax year from your account.

Generally, if withdrawals from the account are used for the Beneficiary’s Qualified Disability Expenses, the earnings portion of the withdrawals are not subject to federal income taxation. To discuss your unique situation, please consult a tax adviser.

Learn more about Form 1099-QA from the IRS.