Greetings,
Please help with 529expenses.
Filing status (parents): Filing jointly.
Child fulltime college Tuition & boarding: Part paid from 529 and rest from out of pocket,
1098-T and 1099-Q both issued under child name.
1099-Q gross distribution is less than 1098-T Box1. Box 5 1098-T has scholership amount.
1. As 1099-Q on child name, although child is dependent, do I need to enter this information on my tax form? if so, under what section in Federal form?
2. For my state Tax form (CT) can I enter 1099-Q Gross distribution as 'Education Trust Fund Distributions"?
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3. If it is not required to enter on my tax form (1&2)
Do my child need to file tax return and enter this information (Note: Also made about $1500 as summer intern (2023) but not required to file taxes).
