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Reply to "Maryland 529 Distribution / 2017 Tax Statement"
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[quote=Anonymous]We received a 2017 Maryland 529 distribution statement this week, addressed to and in the name of our 20yo college sophomore. Although there are no tax consequences to the distribution, we are perplexed that it was sent in his name (vs. the trustee's name) and don't know how to handle it on tax returns. Does he file it as part of his tax return? (If so, he'll need to do the long-form return, which would be a big drag for him.) Or do we file it as part of our tax return? Does anyone know? Thanks.[/quote]
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