E-file Form 1099-QA Online
Prepare and file Form 1099-QA easily and securely with TaxBandits to report distributions from Achieving a Better Life Experience (ABLE) accounts.
A Comprehensive Solution for Form 1099-QA Filing
- Flexible Data Import Options
- Distribute Recipient Copies by Mail or Online Access
- AI-powered Assistance at Every Step
- World-Class Customer Support
PRO Features Built for Tax Professionals
- Comprehensive Client Management
- Effortless Team Management
- Insightful Reports
Form 1099-QA: Key Insights
- Form 1099-QA is an IRS information return that reports distributions from an ABLE (Achieving a Better Life Experience) account.
- The state or its agency, or the instrumentality that runs ABLE programs, must file Form 1099-QA with the IRS and furnish recipient copies to the designated beneficiary.
- Form 1099-QA must be e-filed with the IRS by March 31, 2025, and furnish the recipient copies by January 31, 2025.
Why Choose TaxBandits to E-file Form 1099-QA?
Discover the exceptional features that make TaxBandits the perfect solution for filing 1099-QA online.
Exclusive Pro Features for Tax Professionals
Improve your tax filing process and streamline workflows with premium features specifically developed for tax professionals.
Team Management
Improved team management feature that allows inviting unlimited team members, assigning them predefined roles, and delegating 1099-QA filings for specific clients.
Client Management
A customized portal that reflects your brand identity to empower seamless communication, data exchange and simplifies document sharing with your clients.
Custom Reports
Enhance your team's performance by accessing detailed reports that offer valuable insights into team dynamics and client filings. Utilize comprehensive analytics to make informed decisions.
Contact our team at (704) 684-4758 to discuss custom pricing options for high-volume filing!
Information Required to E-file Form 1099-QA Online
Payer’s Info:
Name, address, and TIN of the state or other applicable agency managing the ABE
Recipient Info:
Name, address, and TIN of the designated beneficiary (ABLE account holder).
ABLE Account Distribution Info:
This includes,- Gross Distribution: The total amount withdrawn from the ABLE account.
- Earnings: Portion of the gross distribution attributable to earnings on the account.
- Basis: Portion of the distribution representing the return of contributions (principal).
How to file Form 1099-QA Online with TaxBandits?
TaxBandits offers you flexible options to complete 1099-QA filing. Simply choose your preferred data import method and file with ease.
-
Step 1: Select Form 1099-QA
Select Form 1099-QA from the dashboard to file for the 2024 tax year.
-
Step 2: Enter Form 1099-QA Information
Enter the required Form 1099-QA information either manually or by bulk upload option.
-
Step 3: Choose Distribution Options
Choose how to deliver recipient copies: postal mail, online access, or advanced distribution (that supports both).
-
Step 4: Review and Transmit to the IRS
Review the 1099-QA form summary and transmit it to the IRS.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your dashboard.
-
Step 1: Download the Standard CSV Template
Download the standard CSV template, fill in the 1099-QA information, and upload the information to complete the 1099-QA filing
-
Step 2: Review Import Summary
Our system will generate your 1099-QA based on the imported data. You can review the data and make changes as needed.
-
Step 3: Choose Distribution Options
Choose how to deliver recipient copies: Postal Mail, Online Access, or advanced distribution (postal mail+online access).
-
Step 4: Review and Transmit to the IRS
Review the form summary and transmit the forms to the IRS.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.
Our Customer Reviews
L
- Luis Collazo
Excellent Step by Step process and easy to go back and make edits....
J
- Jay Polonsky
Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy.
A
- Allen Cohen
Easy and reasonably priced. Great customer service!
I
- Igor Mandryka
I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you.
Frequently Asked Questions About Filing Form 1099-QA Online
What is Form 1099-QA?
Form 1099-QA, Distributions From ABLE Accounts, is an IRS information return that reports distributions from an Achieving a Better Life Experience (ABLE) account. These tax-advantaged savings accounts help individuals with disabilities (designated beneficiaries) cover qualified disability expenses without impacting their eligibility for government benefits.
The qualified disability expenses (QDE) include housing, education, transportation, health, wellness, employment training, assistive technology, and personal support services.
Who Must File Form 1099-QA?
Form 1099-QA, which reports distributions from the ABLE account,is filed by:
- Any state, or its agency or instrumentality, that establishes and maintains a qualified Achieving a Better Life Experience (ABLE) program is required to file Form 1099-QA with the IRS for each ABLE account from which a distribution was made, or that was terminated during the calendar year.
- The filing should be completed by an officer or employee of the state or its agency overseeing the ABLE program or their designated representative.
What are the copies of Form 1099-QA?
Form 1099-QA has three different copies, each one serving unique purposes:
- Copy A: This is sent to the IRS.
- Copy B: This copy is provided to the designated beneficiary (recipient).
- Copy C: This is for the payer's records.
What is an ABLE (Achieving a Better Life Experience) Account?
As mentioned above, an ABLE account is a tax-advantaged savings account for individuals with disabilities using the money to pay for qualified disability expenses (QDE) without affecting their eligibility for government benefits. It falls under Section 529A of the IRS tax code. An ABLE account can only be opened for a person who meets the following criteria:
- The individual must be blind or disabled before the age of 26.
- The eligible individual must be both the owner and designated beneficiary of the ABLE account.
- Each eligible person is allowed to have only one ABLE account at any given time.
What is the maximum contribution limit for an ABLE account in 2025?
The total contributions to an ABLE account in 2025 cannot exceed $19,000, including any contributions from a Section 529 program. For 2024, this limit has been set as $18,000.
When is the deadline for filing Form 1099-QA?
The deadline to file Form 1099-QA, which reports distributions from ABLE (Achieving a Better Life Experience) accounts, is as follows:
- Deadline to e-file Form 1099-QA with the IRS: March 31st
- Deadline to furnish recipient copies: January 31st
