If distributions are subject to taxes, then the amount is added to Schedule 1 and attached to Form 1040, your federal tax return, while also retaining your 1099-Q copy with your tax records. 12 13 ...

Generally, income received on Form 1099-Q is tax-free as you’ll most likely have received this form due to distributions from qualified tuition programs (529 or private plans) or a Coverdell ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job.