I am in a similar situation and would really like further clarification on the response.
I have a daughter in college and I have a 529 with her as the beneficiary. However, the 1099-Q is in my name.
Usually I claim her as dependent and also claim the 529 and the expenses on my tax forms. However, this year it might be beneficial for her to file her own tax return and claim the stimulus check.
So if she files her own tax returns, I cannot claim her as a dependent. Does she then file 529 income and education expenses on her tax form? Also, can she then also qualify for American Opportunity Tax Credit?
