I have a question regarding the Form 1099Q. This is regarding triplets that are all going to the same college. Their older brother was listed as the Beneficiary and he used some funds a few years back. The triplets had some funds transferred directly to the college for the fall term. We just realized that the 1099Q was issued under their brother's SS and name. Is it possible to have the manager of the 529 account issued a corrected 1099Q? What else can be done to correct this problem? What are the tax consequences for the brother if this cannot be fixed?
