My son received a college fund from his grandparents. When he started taking distributions on it, they sent out a 1099-B. One of the Turbo tax questions was is this gifted, I answered yes and it didn't make him pay. Last year, he had to pay out due to the 1099-B. Is this right? He shouldn't have to pay taxes on it because it was a gift from my parents. If so I need to go admend his 2018 taxes to get back that money.
