My ex husband and I have 2 children. We alternate years as to who claims each one as dependent. However, I have the 529 college plans- I took out 1/2 my daughters tuition /room /board from the 529 plan but he is claiming her as dependent this year ( he paid 1/2 but not from a college fund) how do we do this?
There are two ways:
1. Show nothing at all. If all the 529 plan was used for qualified expenses, nothing goes on your tax return to show this.
2. The 529 plan will issue a form 1099-Q for the distribution. There is a place to enter it in TurboTax (TT). One of the choices will be "a beneficiary who is not a dependent on my return". But when you get all thru the complicated interview, nothing goes on your tax return. TT will give you a work sheet for your own records.
This works if your ex does not claim anything, for educational expenses, other than what he actually paid.
For a more detailed discussion, see
But, for an IRS cautionary tale, see <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1492190-where-how-is-1099-q-info-reported-to-the-irs-via-turbotax-if-not-why-not">https://ttlc.intuit.com/questions/1492190-where-how-is-1099-q-info-reported-to-the-irs-via-turbotax-if-not-why-not</a>