Our family received a 1098-T under my son name and he is the one in college and we are paying for his college tuition. We also received a 1099-Q under my name.
I am filing income tax for my son (single status) and us (me and my wife as join status).
Next year I will try to have the 529 money send to my son's school instead of our account so the1099-Q will have his name on it and everything will be file on his return.
Here are questions for this year tax return:
1. How do we correctly file these forms on our returns (my son return and my return) this year?
2. I believe there is a income limitation for claiming the tuition credit and our income is over that so I can include those forms on my son return only for this year even though 1099Q is under my name and 1098-T is under his name. This way the tuition credit is more advantageous for him instead of us ?
