The official name of Form 1099-S is “Proceeds from Real Estate Transactions.” Its purpose is to report proceeds from the sale or exchange of real estate to the Internal Revenue Service (IRS).
The official name of Form 1099-QA is “Distributions from ABLE Accounts.” Its purpose is to report distributions made from Achieving a Better Life Experience (ABLE) accounts, which help individuals with disabilities cover qualified disability-related expenses.
The official name of the form is “Form 1099-OID – Original Issue Discount.” Its purpose is to report the amount of original issue discount (OID) income that investors must include on their tax returns each year.
IRS Form 1099-G, “Certain Government Payments”, is used to report certain government payments, such as unemployment compensation, state or local tax refunds, and agricultural payments, made to individuals during the tax year.