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1099-Q and Non Dependents
I receive 1099-Qs for my children and I am not the designated beneficiary (i.e., box 6 of the 1099-Q) is checked. Also, I do not claim my children as dependents. I used the 529 distributions that came to me, and that are on the 1099-Q, to pay for their qualified educational expenses. My children are not claiming these educational expenses. How do I offset the earnings of the distribution by the qualified educational expenses that I paid on their behalf from their 529 plan? In Turbo Tax, it won't let me add them as a student because they are not a dependent. Thanks for any help you can provide!
‎February 23, 2023
5:20 PM