My husband received a 1099-Q for our son's college expenses since he is the owner of our son's 529 account.
Our son is no longer a dependent on our taxes this year since he graduated from graduate school and pays his own expenses.
Can my son enter my husband's 1099-Q and his college expenses on his tax return even though the 1099-Q has my husband as the owner?
If that is not possible, can my son claim all his expenses other than what was distributed to my husband and reported on the 1099-Q? For example, my son's tuition and expenses were $20,000. We received a 529 distribution of $4,000. Can my son claim $16,000 of college expenses on his tax returns?
Thank you!
