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Education
The 1099-Q should only be posted to one tax return. The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to.
When the money goes directly from the Qualified Tuition Plan (QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.
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March 26, 2020
1:19 PM