My son is a full time student in college and I support him more than 50%. I claim my son as my dependent. I have 529 plans for my son and all distributions went to either the college or him. So my son got both 1098-T and 1099-Q with his name. I claimed 1098-T and my son reported 1099-Q, and TT shows 1099-Q earing taxable on his return.
Who should report the 1099-Q? Should I? If I report the 1099-Q and the distribution is more than the qualified expenses, how to report the partial earnings on my son’s return?