Hi there--thanks for this detailed response! Can you clarify something, please? My daughter received scholarships that covered 100% of AQEE. We also withdrew from her 529 the entire AQEE understanding that the earnings from the distribution would be taxable by not (10%) penalized.
Given your informative post above, my daughter (student) should be responsible for the taxes on the scholarship (above tuition costs) and the 1099Q earnings amount. However, the 1099Q is in my name--is it OK to file that 1099Q amount in my daughter's name? Thank you.
