Clarification regarding 1099-Q, 1098-T, 1098-E
1098-E around $279 Interest Payment - issued against Borrower which is my Daughter.
1098-T $40721 (box 1) and 16000 (Box 5) issued against Student which is my Daughter
1099-Q 2 Forms from 2 different 529 account $5400 & $3024==$8424 , issues against recipient which is Father. both has "The receipeint is not the designated beneficiary" CHECKED.
Amount withdrwan/Rceived from 529 and reported in 1099-Q
5400+3024 == 8424
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Loan Paid 5500+2924=8424
i WITHDRAW the amount and send it to my daugher and she in turn pay off the loan.
Questions:
1. 1099-Q because this is issued under my name as receipent , should I need to file in my Return ( I & My wife - file as Married and filing jointly)
2. 1098 - T, 1098-E, this is issued under my daugher name, should she need to file this in her Return ( File as Single - Student), and to get the Credit of $279?
