Warning about 529s distributions and scholarships

[BelknapPoint]

@MMRose

Do you know if there is flexibility as to whether the student or the parent reports it on their 1040?

The person responsible for reporting the non-qualified distribution on a tax return will be the person to whom the non-qualified distribution was paid, as indicated by the 1099-Q issued by the account administrator after the tax year ends. So yes, there is flexibility, which is based on to whom the account owner or custodian requests the distribution go.