1098-Q

Qualified Longevity Annuity Contract Information

Agency
IRS
Revision
Rev. April 2025
Fillable fields
83
Pages
4
Official source
IRS form page
Checked
October 21, 2026
Fill 1098-Q online
Page 1 of form 1098-Q

Form 1098-Q: Qualifying Longevity Annuity Contract Information

Form 1098-Q, Qualifying Longevity Annuity Contract Information, is an information return. The IRS About page says to file this form if you issue any contract that is intended to be a qualifying longevity annuity contract (QLAC). The instructions describe a QLAC as an annuity contract purchased from an insurance company for an employee under a plan, annuity or account described in section 401(a), 403(a), 403(b) or 408 (other than a Roth IRA), or an eligible governmental plan under section 457(b), that meets a list of requirements.

The issuer files Copy A with the IRS and gives Copy B to the participant. The form reports the annuity amount and start date, the total premiums paid, the fair market value of the contract and each premium paid during the year. The participant instructions on the form say that prior to annuitization, the value of a QLAC held by a plan or traditional IRA is not included when calculating the required minimum distribution (RMD).

This page hosts the April 2025 revision. The instructions call it a continuous use revision for tax year 2025 and later years until a superseding revision is issued. The form says Copy A from this PDF is for information only because the online version is not scannable. You can fill out Copy B free in your browser on this page and download it without an account.

What's on Form 1098-Q

Issuer and participant boxes

The issuer's name, address and telephone number, the issuer's TIN, the participant's TIN, name and address, and an account number.

Plan information

The plan number, the name of the plan and the plan sponsor's EIN, shown when the contract was purchased under a plan.

Boxes 1a, 1b and 2: start date

The annuity amount on the start date, the annuity start date, and a checkbox showing that the start date may be accelerated.

Boxes 3 and 4: premiums and value

The total premiums paid for the contract and the fair market value (FMV) of the QLAC.

Boxes 5a to 5l: monthly premiums

One box for each month from January through December, each with room for the premium amount and the day (dd) it was paid.

How issuers fill out Form 1098-Q

  1. 1

    Issuer box

    Enter the issuer's name, full address and telephone number. The instructions say the telephone number must allow a participant to reach a person knowledgeable about the information reported on the form.

  2. 2

    Account and plan boxes

    The account number is required when there are multiple accounts for a recipient with more than one Form 1098-Q. If the contract was purchased under a plan, enter the name of the plan, the plan number and the EIN of the plan sponsor.

  3. 3

    Boxes 1a, 1b and 2

    If payments have not yet started, enter the periodic annuity amount payable on the start date and the date the annuity is scheduled to start, and check box 2 if the start date may be accelerated. The form shows the date as mm/dd/yyyy.

  4. 4

    Box 3

    Enter the cumulative total of all premiums paid for the contract through the end of the calendar year. The participant instructions on the form say cumulative total premiums paid for all QLACs cannot exceed $200,000.

  5. 5

    Box 4

    Enter the FMV of the QLAC as of the close of the calendar year. The participant instructions say this is the value as of December 31 of the reporting year.

  6. 6

    Boxes 5a to 5l

    Enter the amount of each premium paid and the date of the payment. The participant instructions say that with more than one payment in a month, the box shows the month's total and the date of the last payment.

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Copies, e-filing and yearly statements

Who gets each copy

Copy A goes to the IRS and Copy B goes to the participant. The form says Copy B and the other black copies may be downloaded, printed and used to give the information to the recipient.

Do not file a printed Copy A

The form says not to print and file Copy A downloaded from the IRS website, and that a penalty may be imposed for filing forms that can't be scanned. Official forms can be ordered at IRS.gov/EmployerForms.

E-filing

The form says filers with 10 or more information returns may be required to e-file, and points to IRS.gov/InfoReturn for e-file options.

A statement every year

The instructions say the form is filed and a statement furnished for each calendar year, from the year premiums are first paid until the earlier of the year the participant reaches age 85 or dies.

TIN truncation

Filers may truncate the participant's TIN on payee statements, but not on documents filed with the IRS. The filer's TIN may not be truncated on any form.

Due dates and penalties

The instructions point to the current General Instructions for Certain Information Returns for when and where to file, corrected returns, statements to recipients and penalties.

Related forms

Who files Form 1098-Q?

  • QLAC issuers

    The instructions say any person who issues a contract intended to be a QLAC that is purchased or held under a plan, annuity or account described in section 401(a), 403(a), 403(b) or 408 (other than a Roth IRA), or an eligible governmental plan under section 457(b), files Form 1098-Q.

  • Participants who receive Copy B

    The person in whose name the contract was purchased gets a statement for each year, starting with the year premiums are first paid and ending with the earlier of the year that person reaches age 85 or dies.

  • Surviving spouses

    If the participant dies and the sole beneficiary under the contract is the spouse, the instructions say the issuer keeps filing and sending a statement to the spouse until distributions to the spouse begin or, if earlier, the year the spouse dies.

  • Plans and traditional IRAs

    When the contract was purchased under a plan, the form shows the plan number, the name of the plan and the plan sponsor's EIN. The instructions say a contract purchased under a Roth IRA is not treated as intended to be a QLAC for the dollar limitation rule.

The issuer of the contract completes and files the form. The participant, or in some cases the surviving spouse, receives Copy B, which the form marks "Keep for your records."

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Questions about Form 1098-Q

Who files Form 1098-Q?

The issuer of a contract intended to be a QLAC. The IRS About page says to file this form if you issue any contract that is intended to be a qualifying longevity annuity contract.

Does the participant file Form 1098-Q?

The participant receives Copy B, marked "Keep for your records." The participant instructions say the information on the form is submitted to the IRS by the issuer of the contract.

Is a QLAC counted for required minimum distributions?

The participant instructions on the form say that prior to annuitization, the value of a QLAC held by a plan or traditional IRA is not included when calculating the required minimum distribution (RMD).

What is the premium limit for a QLAC?

The instructions say that for 2025 the limitation amount is $200,000, adjusted for inflation in later years with increases rounded to the next lowest multiple of $10,000. They also say premiums are no longer limited to 25% of an account balance.

How long are statements sent?

The form says annually, beginning with the first year premiums are paid and ending with the earlier of the year the participant reaches age 85 or dies.

Who answers questions about the contract?

The participant instructions say to contact the issuer at the address and phone number shown on the front of the form.