Hello!
My grandparents opened a college saving account a long time ago with GET (Guaranteed Education Tuition in Washington state), which is a 529 prepaid college tuition plan. We requested a refund recently, but after several mishaps with the refund paperwork we ended up with the check in my grandmothers name instead of mine. Were wondering whether or not my grandma can just sign the check over to me, or if she has to deposit it and then transfer it. If she can sign it over, is she subject to any taxes (& how much)? Once its in my account, how much & what kind of taxes are owed on $27,000?