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529 and education credits
My daughter received her 1099 Q from her 529 plan. The distribution was paid directly to the college and covered all her expenses (tuition/room/board/fees).
The only thing we paid out of pocket was $500 deposit and $100 for books.
She also received her 1098 T from the college.
We claim her on our taxes.
Do both 1099 Q and 1098 T go on her tax return since the 529 essentially paid for everything?
March 23, 2023
8:49 AM