We have a 529 account with Fidelity for my daughter's education expenses. She files her own taxes and is not listed as a dependent on our return.
All checks from the 529 are written directly to my daughter, yet she did not receive a 1099-Q. I as the owner of the account received it instead and the box "recipient is not the designated beneficiary" is checked. But 100% of the distributions went directly to my daughter.
Whose tax return is this 1099-Q reported? If it is on mine then why would I report it as a distribution that I never received. If it is on hers, how do I reconcile that she never received the 1099-Q? She did receive a 1098-T.
I am so confused by this.
Thanks for your help
