I am the sole contributor to a 529 Plan. My daughter is the beneficiary. She received a 529 Plan distribution in 2024 for qualified educational expenses. She received no other educational grants of any kind. As such, it is my understanding that:
1. If we are not eligible for any kind of educational tax credits, then we do not need to file form 1098-T.
2. If 100% of a 529 Plan distribution was used for qualified educational expenses, then we do not need to file form 1099-Q.
Is the above correct? Thank you.
