I'm confused why I am being taxed on the money I received from a Coverdell ESA, which I never contributed to, and which I used for Education. Can someone explain this?
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I'm confused why I am being taxed on the money I received from a Coverdell ESA, which I never contributed to, and which I used for Education. Can someone explain this?
I'm confused why I am being taxed on the money I received from a Coverdell ESA, which I never contributed to, and which I used for Education. Can someone explain this?
After you enter the information about the distribution from 1099-Q, you'll need to go back to the education section of the return and enter your qualified expenses. (see sample screenshot below)