Q. When I am filing *my* taxes, I should only include the 529 distributions made from *my* accounts, yes?
A. Yes.
Q. I should not include the 529 distributions from other people's accounts when I am entering, for example, the amount spent on Room and Board that was paid for by 529 funds. I only enter *my* 529 fund distributions, correct?
A. Correct.
That assumes that the student's total room and board expenses were equal to or more than the total of all of the 529 distributions. If that's the case (and it sounds like it is), then you (and the grandparents) don't need to enter the 1099-Qs. You know it comes out to none of the distribution being taxable.
