Thank you for your reply. I just want to confirm my understanding from your post.
I paid for the tuition directly to the school and then transferred that amount back to myself from the 529 account. So I got the 1098-Q, which is no problem. The 1098-T was sent to me, with my granddaughters information on it (she is not my dependent), so I understand now this is for her. The amount on the 1098-T is just slightly less than the 1098-Q amount. Does my granddaugter report this on her taxes, and if so, is it a deduction or income?
Thanks,
Holly
