What is IRS Form 1099-Q?

If you make a withdrawal from an Oregon College Savings Plan account or Coverdell ESA, IRS Form 1099-Q is a tax form that you’ll receive that details all of the withdrawals you made throughout the tax year from your account. It’s important to note that there are different tax implications depending on who was responsible for making these withdrawals.

To ensure that you properly handle matters on your federal income tax return, please consult a tax advisor and learn more about Form 1099-Q from the IRS directly.

TaxesRachel Diesel