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529 Account Beneficiary
Hello,
I'm currently a full time student who is married and independent. My grandpa has a 529 account that is under his name, but I'm the beneficiary. He used it to pay for my tuition's bill. The way financial aide is set up, is that the grants have to pay for it, so once the financial aid came in, the money from the 529 that paid for the bill originally I got as a refund. My wife and I made under $24,000 in 2019. Do I need to report this on taxes, I wasn't given a 1099-Q. Thank you!
‎February 11, 2020
8:44 AM