No, you would only enter the 1098-T and the 1099-Q on one return; either yours or your son's.
If he is not required to file a return, you could enter both on your return. The advantage to reporting on your son's return would be the lower tax rate for him on the taxable portion of the earnings on the 1099-Q (and 10% penalty), rather than on your return.
The only reason for him filing this year (unlike prior years) is that some of the distribution is not covered by Education Expenses this year, so there will be taxable income.
You could figure it both ways to verify.
Look at the Student Information Worksheet, Part VIII, Line 4, which will show any excess distribution amount. This amount is then multiplied by a factor relating to the % of the distribution that is qualified (total distribution/qualified portion), resulting in a taxable amount on Line 8.
Click this link for more discussion on Reporting Form 1099-Q.
This article has general info on 1099-Q.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
