I am the parent. I opened the 529 in my son's name. I received the 1099-Q from Schwab. I am the recipient as I did get the money deposited into my checking account. Box 6 is checked "the recipient is not the designated beneficiary." My son graduated in May, got a job, and lives on his own now. Therefore, he is not a dependent in 2019. However, the distribution was used for qualified education expenses. How do I manage this on my taxes? As of now, Turbotax is claiming the box 2 "earnings" as additional income in Schedule 1 line 8 "other income."
