Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
stephanie-buonai
New Member

If a grandparent funds a 529 and there are distributions for college, when we receive the 1098T who uses that on their return?

 
1 Best answer

Accepted Solutions
MiriamF
New Member

If a grandparent funds a 529 and there are distributions for college, when we receive the 1098T who uses that on their return?

The 1099-Q is reported by the beneficiary of the 529.

You, as the owner of the 529, will get a courtesy copy of the 1099-Q. You do not need to report it on your tax return.

View solution in original post

1 Reply
MiriamF
New Member

If a grandparent funds a 529 and there are distributions for college, when we receive the 1098T who uses that on their return?

The 1099-Q is reported by the beneficiary of the 529.

You, as the owner of the 529, will get a courtesy copy of the 1099-Q. You do not need to report it on your tax return.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v