How did that turn out? I decided to delete my form because it was showing as my income as well since I funneled the distributions through my checking account and clicked, "myself" as the payee. Apparently when you go into deductions you can fill out the expenses and it will calculate. But I read that if the worksheet shows more out of pocket than withdrawals, the form can be deleted anyway. Since I know I took out only allowed deductions: tuition, room and board, books, etc., I just deleted it. However, although I have submitted my taxes, I would not be surprised if I receive what I think is titled similar to an explanation of exclusion from my tax form.
From now on, I am indicating the payee as the "beneficiary" regardless if I funnel it through my banking accounts and indicate them on my daughter's return if required since she will receive the 1099-Q. Confusing.
