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2015 Instructions for Form 1098Q Department of the Treasury Internal Revenue Service Qualifying Longevity Annuity Contract Information Section references are to the Internal Revenue Code unless otherwise
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What is instructions for form 1098-q?
Form 1098-Q is used to report distributions from ABLE accounts, which are tax-advantaged savings accounts for individuals with disabilities.
Who is required to file instructions for form 1098-q?
Financial institutions that administer ABLE accounts are required to file Form 1098-Q.
How to fill out instructions for form 1098-q?
The financial institution must provide the necessary information about the distributions from the ABLE account, including the recipient's information and the amount distributed.
What is the purpose of instructions for form 1098-q?
The purpose of Form 1098-Q is to report distributions from ABLE accounts to the IRS and the account holder.
What information must be reported on instructions for form 1098-q?
The form must include the recipient's name, address, and Social Security Number, as well as the total amount distributed from the ABLE account during the tax year.
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