529 plan in a relative's name - how to use it?

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<p>Ditto here. We took a small distribution last year from our Ds 529 which is in the parents name. I didn’t see anywhere to report a distribution on either the FAFSA or Profile. I guess I also don’t see why they would care. For FA, 529’s (in parents name) are counted as assets, just like any other investment. There are tax implications–they are not taxable if used for qualified educational expenses, but why should their distribution be different from any other investment? What am I missing??</p>