whose social security number is on the 1099Q - THAT is who is to report it.
if 529 administrator sent the money directly to the school (or to the student), the STUDENTs social security number should be on the 1099Q. The IRS knows what happened to the money is the theory.
if the 529 administrator sent the money to the parent, the PARENT's social security number should be on the 1099Q. The IRS doesn't know the ultimate destination of where the money went is the theory.
for the 1098-T, it's not straight forward. if Box 1 exceeds Box 5, the form goes on the PARENT's return. If Box 5 exceeds Box 1, the form goes on the STUDENT's return (as this is taxable income to the student, but it is possible the student tax situation doesn't require him to file a tax return, in which case the 1098-T just goes in a drawer and is not reported anywhere.
does that help?
