2020 Form 1099-Q - Tax reporting form for qualified education tuition programs

Sep 19, 2026

2020 Form 1099-Q summarizes payments from qualified education and tuition programs such as 529 Plans or Coverdell Education Savings Accounts (ESA). Distributions from these account types are reported on the enclosed form, including a description of how multiple qualified tuition programs may require separate 1099-Q forms. The form captures fund and recipient details, taxpayer identification handling for privacy, payer identification, and Box 1 through Box 6 items covering gross distribution, earnings, basis, trustee-to-trustee transfers, plan type, and beneficiary status. It also includes a distribution code and directs users to consult a tax advisor for IRS reporting.

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2020 Form 1099-Q overview

Qualified education and tuition programs

Recipient and payer information

Box fields (1-6) and distribution code

2020 FORM 1099-Q y Form 1099-Q reports pa ments from qualified education and tuition programs such as 529 Plans or Coverdell Education Savings Accounts (ESA) . y Distributions made from either of these account t pes are being reported to ou on the enclosed form. y y If ou transferred funds to BlackRock during the previous calendar ear and received more than y one distribution from different qualified tuition programs, ou will receive a different Form 1099-Q form from each qualified tuition program. Form 1099-Q reflects the information below. Form 1099-Q reflects the information below. The Fund’s name and mailing address are located at the top right of the form. y The Recipient information section on the left reflects our account registration and address. Your taxpayer ideyntification number is reflected in the “Recipients Identification Number” box and is ytruncated for privacy purposes. The information reported to the Internal Revenue Service (“IRS”) will include our complete taxpa er identification number. y The Payer name reflects the Fund name ou are invested in. y The Fund’s federal taxpayer identification number is reflected in the Pya er’s Federal ID Number box. Box 1. Gross Distribution − Total dollar amount of the distribution from our 529 account in 2020. Box 2. Earnings − Total amount of earnings in the Box 1 Gross distribution. Box 3. Basis − The cost basis of the distribution. y Box 4. Trustee to Trustee Transfer − An “x” indicates that the distribution was made directl to another qualified tuition programy (529 Plan) . Box 5. Plan Type − The t pe of qualified tuition plan. y Box 6. If this box is checked, the recipient of the distribution is not the beneficiar . y y y Distribution Code − Code used to identif the t pe of distribution ou received in 2020 . Please consult with your tax advisor for additional guidance on reporting this information to the IRS. [blackrock.com](blackrock.com) ©2021 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners. 75239-0121 NM0125U-4173461-1/1

FAQs

What does Form 1099-Q report for 2020?

Form 1099-Q reports payments and distributions from qualified education and tuition programs such as 529 Plans or Coverdell Education Savings Accounts (ESA).

What are Boxes 1 through 3 on the form used for?

Box 1 shows Gross Distribution (total dollar amount of the distribution from the 529 account in 2020). Box 2 shows Earnings. Box 3 shows Basis (the cost basis of the distribution).

How do trustee-to-trustee transfers and plan details affect the boxes?

Box 4 uses an “x” to indicate a distribution made directly to another qualified tuition program. Box 5 indicates the plan type, and Box 6 is checked when the recipient is not the beneficiary. The distribution code identifies the type of distribution received in 2020.

Sep 19, 2026

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