Thank you for the information. So if I get let's say $9,000 in grants. Tuition is $8,000. The distribution was $4,500. This would mean I had $13,500, exceeding qualifying education expenses by $5,500. That would mean I would have to report the distribution. I already reported the grants with the 1098-t form. My wife and I are both students who made under $10,000 together in 2019. This extra $5,500 would still put us under the $24,000 limit. Would I still need to report the 529 account? Also, would the 1099-Q form be sent to my grandpa or me or both?
