IRS Issues Draft 2026 Publication 1099

The Internal Revenue Service has posted a draft 2026 tax year Publication 1099, General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G). Forms in these series report information associated with employer-sponsored retirement plans, Traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts, medical savings accounts, ABLE accounts, and—depending on the specific form—certain other tax-related information. The following items are noteworthy from the “What's New” section of the publication.

• Form 1099-R was revised to include new check boxes 7b for IRA, SEP, and SIMPLE plans, check box 7c for Trump Account reporting, and new box 7d for reporting earnings on excess contributions.
• Form 5498-QA has been updated to add a new box 8 for the reporting of Trump account to ABLE rollovers.
• A new Form 5498-TA, Trump Account Contribution Information, and Form 1099-LPS, Long-Term Care Premiums Paid Statement, are currently under development and projected to be released in mid-2026 for tax year 2026/filing season 2027.