I received both a 1099-Q and 1098-T for my son going to college. He didn't receive any scholarships. I'm planning to file a return for him as he had some income last year through a summer internship program. I will be showing the 1099-Q on his return and 1098-T on my return (although I don't qualify for any education credits). The money from the 529 plan went directly to the school.
My questions are as follows:
1. We paid for both tuition and room and board through the 529 plan for fall. 1099 has a gross distribution shown in box 1, earnings in box 2 and basis in box 3. Would the gross distribution count as an income for my son?
2. Does he have to show the 1099 on his return as all the distributions went towards qualified education expense?
3. For calendar year 2026 if I end up paying R&B directly through my own pocket would that be considered as a qualified education expense that I can show on my return? What documents/proof would I have to keep to show R&B on my return for next year?
