Qualified Tuition Program

[KWF]

A taxpayer receives a distribution from a qualified tuition program. The proceeds are used to pay qualified education expenses for the taxpayer's dependent son.
At year end, the taxpayer receives a 1099-Q from the QTP, but the 1099-Q lists the taxpayer as the recipient. Because the taxpayer is listed as the recipient, can the son's education expenses be used to qualify the distribution as non taxable?

[mactoolsix]

YES - the son is the designated beneficiary.
This is the usual way the QTP is reported as the parent is usually the "owner" of the account.

See page 52 in pub, 970

http://www.irs.gov/pub/irs-pdf/p970.pdf

Also see Who Can Claim an Education Credit in Pub 17

http://www.irs.gov/publications/p17/ch34.html#en_US_2012_publink1000235852

And - remember room and board are qualified expenses for QTP funds.

Mike