My son is going to Community College and received a Form 1099-Q from Florida College Prepaid and his name is the recipients and his social is in the recipient's TIN box, but I am the owner who paid for the Florida College Prepaid plan. My son only worked 2 months in 2020 and earned $2681 in box 1 and $57 in box 2 of his W-2. I created a return for him in Turbo Tax and it started showing a refund of $57 until I entered Form 1099-Q which appears as if he had income and changes his refund to $1. In a previous post I was told my son could do his return with only W-2 so he received his $57 and indicate that he will declared as dependent on another return. My new question is, what do I do with Form 1099-Q, disregard it and not add it to my, but file it for my records?
