Hi,
I originally had created a 529 Plan for my daughter, who lives in NC. In 2024, I submitted a CFNC application to replace the current beneficiary, my daughter, to my niece, who lives in NJ. A check was issued in my niece's name; this was used to pay her Education's loans. This year, I received a 1099-Q form having my niece's name in the "RECIPIENT'S name" box. Who should file this form with the tax (myself or my niece). Is the gross distribution including earnings tax free for both Federal and NJ State?
Thanks for your help!
