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Federal input screens

Screen 1099QA - ABLE Account Information (1040)

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General Information

For Pennsylvania returns, if the beneficiary of the ABLE contribution (Form 5498-QA, box 1) isn't the recipient, use the beneficiary fields in the
Additional Information
 section. To use these fields, enter
X
 in the
Check if the recipient is not the designated beneficiary
 field in box
6
 in the
1099-QA Facsimile
 section.
Payer’s / Trustee’s name
This field is mandatory.
State
See State fields in UltraTax CS/1040 for more information.
Recipient’s SSN
Enter the taxpayer identification number of the recipient. This field is required. UltraTax CS produces one ABLE Account Worksheet for each recipient Social Security Number (SSN). You can enter or select the SSN.
Qualified disability expenses
Enter the expenses related to the beneficiary’s disability (health, independence, and quality of life) paid for with distributions from this ABLE account. The taxable portion of distributions in excess of qualified disability expenses transfers to Schedule 1 (Form 1040), Other income and Form 5329 Part II.
Amount contributed in current year, Form 5498-QA Box 1
Contributions are limited to the annual gift tax exclusion amount, which is $16,000. Per Publication 907, certain employed ABLE account beneficiaries can make an additional contribution. Enter the additional contribution amount in the
Additional contribution limit amount
 field. Excess contributions transfer automatically to Form 5329 Part VIII.
Amount rolled over from QTP/529 Plan
Due to the Tax Cuts and Jobs Act (TCJA), money from qualified tuition programs (QTP) or 529 plans can be rolled over to an ABLE account without penalty. In this field, enter the QTP/529 plan rollover amount that's being included in the contributions for the year. Refer to Publication 907 for more information.
Additional contribution limit amount
The Tax Cuts and Jobs Act (TCJA) introduced the following change: Certain employed ABLE account beneficiaries may make an additional contribution up to the lesser of 1) the designated beneficiary's compensation, or 2) the poverty amount of $12,880 (continental U.S.), $14,820 (Hawaii), or $16,090 (Alaska). Enter the additional contribution limit amount. Refer to Publication 907 for more information.
State use
Enter
24
 for qualified ABLE contributions in DE, IA, IL, KS, MD, MO, MS, MT, NE, OH, OR, PA, SC, VA, or WI. The
Amount contributed in current year
 deducts on the state return.
UT:
 Enter
24
 for qualified contributions; a percentage calculates as a nonapportionable, non-refundable credit on Sch TC-40A.
IL:
 Enter
Account number
 in
Additional Information
 section.
Program-to-program transfer
If this box is marked, the gross distribution amount appears automatically in the
Amount of rollover
 field.
Check if ABLE account terminated in
2025
If this box is marked, the
Delete on next year’s proforma
 field marks automatically.
Recipient’s Name
This field completes automatically if the Social Security number was selected in the
Recipient’s SSN
 field.
Amount of rollover
This field automatically contains the amount of the gross distribution if the
Program-to-program transfer
 field is marked.
Form 5329, Part II exception amount
Enter the amount of the excess distribution that should be excepted from additional tax. The additional tax doesn't apply to distributions on or after the designated beneficiary’s death or to returns of excess contributions.
Beneficiary’s SSN
If the recipient isn't the designated beneficiary, enter the beneficiary’s taxpayer identification number.
Beneficiary’s first name
If the recipient isn't the designated beneficiary, enter the beneficiary’s first name.
Beneficiary’s last name
If the recipient isn't the designated beneficiary, enter the beneficiary’s family name.
If distribution due to death of beneficiary, enter qualified decedent expenses
Enter all qualified disability expenses incurred by the designated beneficiary before the date of death. Also include any amount paid in satisfaction of a claim by the State for medical assistance paid for the beneficiary under the State’s Medicaid plan.
Value of this account on 12/31/
2025
This amount is used on Form 5329, if necessary, to calculate any additional tax on excess contributions.

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