So it sounds like I have to do a return for my son then even though he doesnt have a job or any income? It is interesting that turbo tax never complained about entering this information. It just let me enter it on our return even though the beneficiary is our son.
Since the 1099q only specifies my son but my wife was the beneficiary of the non qualified; it seems as if my son will be the one that will be taxed and penalized for the non qualified 529 withdrawals. Is that correct?
From what I have read we should still put the 1098t on both returns?
Thank you.
