Question
529 plan distributions from grandparents and education credits
Grandparent owns 529 plan & the grandchild is beneficiary. 529 plan withdrawals for 2019 were transferred directly to grandchild's college towards tuition. Does this 529 plan distribution from grandparent to grandchild's college effect education credits for the parents of the student (student is their dependent)? ("According to IRS Pub 970, the student is treated as receiving the payment and, in turn, paying the institution.")
