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529 Over-distribution - Who pays the taxes?
For a 529 over-distribution, who pays the taxes? The 1099-Q and the money went to me (the parent) but was used to pay for our son's degree-related expenses that apparently were not "qualified" expenses. There seems to be no way for him to enter the 1099-Q on his tax forms since the 1099-Q has my SSN. There are no scholarships, grants, or loans involved.
‎April 6, 2021
10:44 AM