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Author: TMFTaurean Big gold star, 5000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121217  
Subject: Re: Reporting 529 distributions on taxes Date: 3/20/2008 12:12 AM
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Did you happen to notice that it's your daughter's SSN on the 1099-Q? That's because a taxable distribution is income to her, not you.

Thanks Phil.

I checked the 1099-Q and it actually has my wife's SSN in the recipient's box. Also, box 6 (recipient is not the designated beneficiary) is checked.

In the meantime, send your daughter the 1099-Q.

Actually we do her taxes for her too :-)...and my wife's parents.

So, with that additional piece of information, what's the next step?

Mark
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