My daughter is a college junior. Last year we took two distributions from her 529. For one, for expenses we'd already paid out-of-pocket earlier in the year, we asked the 529 plan administrator to send us a check. For the other, we asked them to send the check directly to our daughter's school.
As a result, we received two 1099-Q's, one in my wife's name (my wife is the primary account administrator) and one in my daughter's. My daughter, not realizing that we were going to be receiving these forms, has already filed her taxes and didn't mention the 1099-Q anywhere in her filing.
Note that my wife and I are paying all of our daughter's college expenses -- tuition, fees, books, room & board.
Do the 1099-Q forms need to be filed at all, with either ours or our daughter's tax return, given that our permitted college expenses exceeded the total of both distributions and therefore none of them is taxable?
If the 1099-Q forms to need to be filed, does my daughter need to amend her return to mention the one that was issued under her name? If so, then I assume that we need to subtract the amount of that distribution from the college expenses reported on our taxes, so that our daughter can report that amount on her taxes to offset the amount of the distribution?
Alternatively, can we file the 1099-Q form that's in our daughter's name with our taxes, since we're the ones actually paying the expenses?
Thanks for any advice you can provide.