I'm sorry--this isn't clear to me: "The 1099-Q is reported on the recipient's tax return (the person whose Social Security number is on the form). If the funds went directly to the school, consider the student as the recipient, and if the student is your dependent, you should enter the 1099-Q on your return."
So does the final part of the last sentence (after the comma) stand on its own? If the student is my dependent, do I enter the 1099-Q on my own return regardless of other factors? Payment did go directly to the school in my case, but the 1099-Q does not reflect this.
TurboTax prompts me to enter my son's 1099-Q on my own taxes even though he files his own returns for his own very modest income. The 1099-Q and 1098-T are both in his name and SSN. But he *is* my dependent. So it seems like the rule may be: if the student is the dependent, enter the 1099-Q on the parent return.
Do I have this right? THANK YOU
