529 disbursement for private high school

Forum|Forum|6 years ago
April 1, 2020
1 reply
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Hello,

For 2019, I took a disbursement from my son's 529 to pay a portion of his private high school tuition. I received a 1099-Q in his name. However, I have yet to receive a 1098-T. Who is supposed to send it? Is it the high school itself, or the company that manages their tuition payments?

I have a pdf statement that I saved when the disbursement was applied to the tuition. It shows the payment with a net amount due since I did not pay the full tuition amount. However, this statement does not call out the payment as a 529 transfer. It merely shows the dollar amount, which matches the disbursement in the 1099-Q. Is this information sufficient to file income taxes?

Also from previous threads, my son is supposed to file and declare the disbursement. However since he is a dependent, do I file the 1098-T?

Thank you in advance.

Best answer by Hal_Al

High schools do not send out 1098-Ts. You will not be getting one and you do not need one. You claim the earnings exclusion based on your own records.

Since the 1099-Q is in your son's name, it does not get reported on your return. In fact, since the entire distribution was used for qualified expenses , it does not need to be reported at all. It is only an informational document.

On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."

Hal_AlAnswer

Employee

High schools do not send out 1098-Ts. You will not be getting one and you do not need one. You claim the earnings exclusion based on your own records.