IRS Releases 2018 Instructions for Form 1099-QA and 5498-QA

April 9, 2018 Adam Rivera

The IRS has released the 2018 Instructions for Form 1099-QA and 5498-QA. Form 1099-QA is used to report distributions from ABLE accounts, and Form 5498-QA is used to report ABLE account contribution information.


There are a number of changes from the previous revision:

  • Increased contributions may be made to ABLE accounts by a designated beneficiary under certain circumstances
  • Funds from a qualified tuition program (also known as a 529 plan) may be rolled into an ABLE account of the designated beneficiary of the qualified tuition program or his/her family member without penalty
    • Contributions from a 529 program should not be included in Box 2 “Rollover Contributions”
  • Cash contribution limit has increased from $14,000 to $15,000

To view the 2018 Form 1099-QA and 5498-QA Instructions, please click here.

About the Author

Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.

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