Thanks!
a question of curiosity:
I, the parent, is the recipient of 529 distribution, so I will receive the 1099-Q with my name and SSN on it. If I made mistake, and the 529 distribution exceeding the AQEE, then the excess part will be taxable. My question is, should this taxable 529 distribution be reported in student's tax return or parent tax return?
another question, if my son's income is $3.5k work study + $3k taxable scholarship used for AOTC credit, so he is not required to file federal tax return. but $6.5k is more than Michigan dependent's allowance of $1.5k, so he has to file a state tax return. But in the state tax return, you need to enter AGI from federal tax return form. Can my son just fill a federal tax return without actually sending it to IRS, then enter the federal AGI in state taxt return?
