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Form 1098-Q
2019
Cat. No. 67073Z
Qualifying
Longevity Annuity
Contract
Information
Copy A
For
Internal Revenue
Service Center
File with Form 1096.
Department of the Treasury - Internal Revenue Service
OMB No. 1545-2234
For Privacy Act
and Paperwork
Reduction Act Notice,
see the
2019 General
Instructions for
Certain Information
Returns.
7474
VOID CORRECTED
ISSUER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.
PARTICIPANT’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions) Plan no.
Name of plan Plan sponsor's EIN
ISSUER’S TIN
PARTICIPANT’S TIN
1a
Annuity amount on start date
$
1b Annuity start date
2 Check if start date may be
accelerated
3 Total premiums
$
4 FMV of QLAC
$
5a January
$
dd
5b February
$
dd
5c March
$
dd
5d April
$
dd
5e May
$
dd
5f June
$
dd
5g July
$
dd 5h August
$
dd
5i September
$
dd 5j October
$
dd
5k November
$
dd 5l December
$
dd
Form 1098-Q
www.irs.gov/Form1098Q
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
Form 1098-Q
2019
Qualifying
Longevity Annuity
Contract
Information
Copy B
For Participant
Department of the Treasury - Internal Revenue Service
This information is
being furnished
to the IRS.
OMB No. 1545-2234
CORRECTED (if checked)
ISSUER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.
PARTICIPANT’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions) Plan no.
Name of plan Plan sponsor's EIN
ISSUER’S TIN
PARTICIPANT’S TIN
1a
Annuity amount on start date
$
1b Annuity start date
2 If checked, start date may
be accelerated
3 Total premiums
$
4 FMV of QLAC
$
5a January
$
dd 5b February
$
dd
5c March
$
dd 5d April
$
dd
5e May
$
dd 5f June
$
dd
5g July
$
dd 5h August
$
dd
5i September
$
dd 5j October
$
dd
5k November
$
dd 5l December
$
dd
Form 1098-Q
(Keep for your records) www.irs.gov/Form1098Q
Instructions for Participant
The information on this Form 1098-Q is submitted to the IRS
by the issuer of your qualifying longevity annuity contract
(QLAC) to report the status of the contract. Prior to
annuitization, the value of any QLAC held by your plan or IRA
(section 401(a), 403(a), 403(b), 408 (other than a Roth IRA) or
eligible governmental plan under section 457(b)), is not
included when calculating the required minimum distribution
(RMD) from your plan or IRA.
You will receive this statement annually beginning with the
first year in which premiums are paid and ending with the
earlier of the year in which you attain age 85 or die. In the
event of your death, if the sole beneficiary under the contract
is your surviving spouse, this annual statement will be
furnished to your surviving spouse until distributions
commence, or if earlier, the year in which your surviving
spouse dies.
If you have questions about your QLAC, contact the issuer
at the address and phone number shown on the front of the
form.
Account number. May show an account or other unique
number the issuer assigned to distinguish your account.
Participant's taxpayer identification number (TIN). For your
protection, this form may show only the last four digits of your
TIN (social security number (SSN), individual taxpayer
identification number (ITIN), adoption taxpayer identification
number (ATIN), or employer identification number (EIN)).
However, the issuer has reported your complete TIN to the
IRS.
Plan number, name, and EIN. Shows, if the contract was
purchased under a plan, the number of the plan, the name of
the plan, and the EIN of the plan sponsor.
Box 1a. Annuity amount on start date. If the payments have
not started, shows the annuity amount payable on start date.
Box 1b. Annuity start date. If the payments have not started,
shows the date on which the annuity is scheduled to start. The
date reported is shown in the format month, day, and year
(mmddyyyy).
Box 2. If checked, shows that the start date may be
accelerated.
Box 3. Shows the cumulative total amount of premiums paid
for the contract. Your cumulative total premiums paid for all
QLACs cannot exceed $130,000. Also, QLACs purchased
under an IRA cannot exceed 25% of your total IRA account
balances and QLACs purchased under an employer's plan
cannot exceed 25% of your account balance in the plan. If
you have paid more than that, contact your contract issuer.
Box 4. Shows the fair market value (FMV) of your QLAC as of
December 31, 2019.
Boxes 5a–5l. Shows the amount of each premium paid for the
contract and the date each premium payment was made in
2019. If there is more than one payment per month, the box
for that month will include the total payments for the month
and the date of the last payment in the month.
Future developments. For the latest information about
developments related to Form 1098-Q and its instructions,
such as legislation enacted after they were published, go to
www.irs.gov/Form1098Q.
Form 1098-Q
2019
Qualifying
Longevity Annuity
Contract
Information
Copy C
For Issuer
Department of the Treasury - Internal Revenue Service
OMB No. 1545-2234
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2019 General
Instructions for
Certain Information
Returns.
VOID CORRECTED
ISSUER'S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.
PARTICIPANT’S name
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
Account number (see instructions) Plan no.
Name of plan Plan sponsor's EIN
ISSUER’S TIN
PARTICIPANT’S TIN
1a
Annuity amount on start date
$
1b Annuity start date
2 Check if start date may be
accelerated
3 Total premiums
$
4 FMV of QLAC
$
5a January
$
dd 5b February
$
dd
5c March
$
dd 5d April
$
dd
5e May
$
dd 5f June
$
dd
5g July
$
dd 5h August
$
dd
5i September
$
dd 5j October
$
dd
5k November
$
dd
5l December
$
dd
Form 1098-Q
www.irs.gov/Form1098Q
Instructions for Issuer
To complete Form 1098-Q, use:
• The 2019 General Instructions for Certain Information
Returns, and
• The 2019 Instructions for Form 1098-Q.
To order these instructions and additional forms, go
to www.irs.gov/Form1098Q.
Caution: Because paper forms are scanned during
processing, you cannot file Forms 1096, 1097, 1098,
1099, 3921, or 5498 that you print from the IRS website.
Due dates. Furnish Copy B of this form to the
participant by January 31, 2020.
File Copy A of this form with the IRS by February 28,
2020. If you file electronically, the due date is March 31,
2020. To file electronically, you must have software that
generates a file according to the specifications in Pub.
1220. The IRS does not provide a fill-in form option for
Copy A.
Need help? If you have questions about reporting on
Form 1098-Q, call the information reporting customer
service site toll free at 866-455-7438 or 304-263-8700
(not toll free). Persons with a hearing or speech
disability with access to TTY/TDD equipment can call
304-579-4827 (not toll free).