Education

Form 1099-Q only needs to be reported on the tax return of the person whose SSN is on the form if the withdrawal is more than the tuition paid in Box 1 of the 1098-T plus other adjusted qualified educational expenses. If the withdrawal and adjusted qualified expenses are more, the earnings on the excess distribution would be taxable income.

Since the withdrawal and the amount in box 1 of the 1098-T form is the same, the 1099-Q doesn't have to be entered on the tax return.  If you are the owner and the 1099-Q has your SSN, then if the withdrawal exceeded the tuition and qualified educational expenses, it would have had to be reported on your tax return.

You indicated that you couldn't claim your son because he made more than $5,050.  Was he under 24?  For a full-time student who is under 24, the gross income doesn't matter.  if he meets the other criteria, he would be considered a Qualifying Child Dependent.

For a Qualifying Child Dependent:

• He must be related to you. 
• He can’t be claimed as a dependent by someone else. 
• He must be a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. 
• If he's married, he can’t file a joint return with his spouse. 
• He must be under the age of 19 (or 24 for full-time students). 
  • No age limit for permanently and totally disabled children. 
• He must have lived with you for more than half the year (exceptions apply). 
• He didn't provide more than half of his own support for the year. 

For additional information, review the TurboTax article Rules for Claiming a Dependent on Your Tax Return.

To find out what are qualified educational expenses, review the Guide to Tax Form 1098-T: Tuition Statement. Please review the TurboTax articles Guide to IRS Form 1099-Q: Payments from Qualified Education Programs and What is IRS Form 1099-Q? for further details.