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Who reports 1099-Q and 1099-T information
I am claiming my daughter as a dependent in my 2022 return. My daughter is also filing a separate return and in her return she will state that she is also claimed as a dependent in her parent’s return. In both the 1099-Q as well as 1099-T she is the beneficiary. Do both of us have to input the 1099-Q and 1099-T data in our respective returns? Or is it only she - the beneficiary of the 1099-Q and 1099-T forms, be required to furnish the data in her tax return.
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April 15, 2023
5:05 PM