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Get your taxes done using TurboTax
"This article states that the1099-q info should be added to the student's return and the 1098-T info should be added to the parent's return>"
That's an over simplification. The 1098-T can be entered on both returns when needed, with necessary adjustments.
But, you say: "The 529 distribution went directly to the school and was well under the total cost of tuition and R&B."
In that case, just don't enter the 1099-Q, per the explanation, above.
March 11, 2024
12:25 PM