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Education
Thank you so much for the reply. Here is more information. The child is living with the parents while attending school at a local college. Child/student earned $7,500 working part-time at the college. Based on your earlier reply this would mean the child/student does not qualify as a Qualifying Relative. Also, the 1098-T includes some scholarship that reduced the tuition which was paid from the parent's withdrawal from the 529 plan. I had assumed the withdrawal on form 1099-Q had to be reported on the parents tax return and would be offset by paying the tuition for the child. Should I report the 1099-Q tuition payment withdrawal on the child/students tax return along with the 1098-T instead? Thank you so much for helping me with this!