If the student is your dependent, you can enter the 1099-Q and 1098-T into your TurboTax program.
If there is a credit, you get that credit.
If there is taxable income (and the 1099-Q was issued to the beneficiary) the student claims the income.
Your TurboTax program should say if the student needs to report anything concerning the 1099-Q and/or 1098-T.
If the education expenses are at least more than 4,000 of the 1099-Q and other assistance, such as scholarships and grants, there is nothing that needs to be reported on the student's return.
Form 1099-Q is used for a worksheet, it is not reported directly on Form 1040. Only the result would be reported if there is taxable income because of the 1099-Q.
Do keep a copy, as well as the student's account statements, with your tax file.
IRS Pub 970
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