Q. Does the student claim the income because the money went to the parents and then to the student?
A. No. If the parent's name and SS# are on the 1099-Q,then the parents claim the income on their return. They are considered the "recipient" of the funds. You enter it in the 1098-Q section of TT.
But, I don't see where we've answered the question:
Q. Is the school an eligible institution for the LLC and the 529 distribution?
A. Just because you didn't get a 1098-T isn't conclusive.
Enter your school at the link below, to see if it's on the dept. of education list.
https://www.savingforcollege.com/eligible-institutions
