We have 2 sons going to the same college. Each one receives a 1098T in his name directly from the college. However, we have a 529 plan and use the money to pay for the tuition. Since they go to college out of state, the easiest way to transfer the money is electronically. As parents, we take a distribution from the fund and then we transfer the money to them to pay the tuition. However, now the 1099Q is in our name, not in our sons' names. Question: Does it matter that our names are on the 1099Qs and not our sons when they go to do their own taxes and report the 1098T AND the 1099Q under themselves?