My situation is similar (529 / 1099Q is in my name / SSN as the parent, with box 6 checked). Note: 1098-T from school is in student's name. Furthermore, since my dependent daughter is in her final year of college and there is extra $ still in her 529 account, we decided to withdraw additional $ that equaled her scholarship amount. I hope that this additional $ can somehow be entered on her tax form so that it is taxed at her tax rate. Since forms are in parent's name, TurboTax has me enter all numbers on my form. Any guidance on how to enter distributions and expenses so that the student pays the tax for the excess distribution amount (at her lower rate)?
Also, i believe that due to our income, we don't qualify for either educational tax credit. However, can the student quality for either by entering on their tax form?
