What is IRS Form 5498-QA?
If you make a contribution to your account, you will receive IRS Form 5498-QA, which is a tax form that details all of the contributions you made throughout the tax year to your account. This form reports ABLE account contributions, rollovers and direct program-to-program transfers in the prior year.
To ensure that you properly handle matters on your federal income tax return, please consult a tax advisor and learn more about Form 5498-QA from the IRS directly