Categories October Surprise 2016 1099-Q for 529 Withdrawals: Boxes 1-3 & Who Owes Tax Post author By Mike Nova Post date October 15, 2026 IRS Form 1099-Q Box 1 is your total 529 distribution, Box 2 the possibly taxable earnings, Box 3 tax-free basis — and tax follows the recipient’s SSN. ← Princeton, KY 10-Day Weather Forecast | WeatherBug → National Weather Service