KrisD15
Expert Alumni

Get your taxes done using TurboTax

The 1099-QA is not reported on a tax return, but if the distribution was not used to care for the individual, you may need to report the taxable portion. 

 

Type   1099qa   into the search box

Click on the "jump to 1099qa"   link

 

OR

 

 

Click "Other Tax Situations"  

Click through the interview questions

Click "See all uncommon tax situations"

Scroll down to "Additional Tax Payments" and click Show more

Scroll down to Additional taxes and repayments and click Start

Click Yes on the next screen and continue through until you get to the screen to enter the amount of the distribution that was distributed for something other than the care of the person. 

 

 

"Distributions from an individual's ABLE account are tax-free to the extent the money is used to pay for qualified disability expenses. Any amounts distributed in excess of qualified disability expenses must be included in the individual's taxable income and will be subject to a 10% penalty. The 10% penalty will not apply if the distribution is on or after the death of the account beneficiary."

 

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