ktrinh3
New Member

Scholarship Sweepstakes Winnings

Hello -

My son won $10,000 through our state's Health Department Scholarship Sweepstakes.  The money was placed into a 529 with the Health State Department as the Owner and my son as a beneficiary.  Do I need to report this to the IRS?  If so, does my son file a return or can I report it under our tax return?