I received a 1099-Q and would like to know if I need to report it on my tax return.
I am the recipient, and my daughter is the beneficiary. The gross distribution was $22,000, which I used to pay for her tuition. TurboTax prompted me to enter the 1099-Q under the personal income section. Some sources say I don’t need to report it since the funds were used for qualified education expenses, but I feel uneasy about not reporting a tax form.
Any advice?
