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1099-Q Tax Reporting for WithdrawalsIf a withdrawal was made from your College Savings Plan of Nebraska account in 2008, you will receive an IRS Form 1099-Q from us in January 2009 to be used when completing your 2008 income taxes.
If a withdrawal was paid to the account owner the 1099-Q will be issued to the account owner. For withdrawals made payable to the beneficiary or college the 1099-Q will be issued to the beneficiary. Please check with your tax professional for the proper tax reporting of any distributions or rollover distributions. Helpful Links:
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