1099-Q

[Summit1]

Dependent received a 1099-Q for a 2023 Distribution. Since they are still a Dependent, I assume this 1099-Q is reported on the parent's return. Is this correct? This Dependent is at least a half-time student living at home when not in classes and is 20 years old.

[Skylane]

Yes

[Summit1]

Thank you very much!

Arnold

[Bsch4477]

If used for qualified education expenses it doesn’t have to be reported at all.