Yes, if the 1099-Q is in your name and SS#. But, you can only report the college expenses for purposes of the 529 plan earnings exclusion. You may not claim a tuition credit.
Alternatively; you can just not report the 1099-Q,
at all, if the student-beneficiary has sufficient educational expenses,
including room & board (even if he lives at home) to cover the
distribution. When the box 1 amount on form
1099-Q is fully covered by expenses, TurboTax will enter nothing about the
1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your
records, in case of an IRS inquiry.
