This year our daughter will be filing her own taxes and although we contributed to her Brightstart account last year, we took distributions under her name which means brightstart sent the payment form under her name. She doesn't have much of an income and for other reasons, we must file her taxes separately than ours. This deduction will be a waste and we could benefit much more on our taxes. Even if we contributed (and we have records to prove it), are we not able to deduct this on our taxes (vs our daughter's)? Thank you.
