Could I request help as to how I should answer the following questions:
- Basis in this Coverdell ESA as of Dec 31, 2022
- As the parent, I have contributed to this account over 15 plus years
- Withdrawals are used to fund college expenses - tuition, room and board
- Total value of this Coverdell ESA as of Dec 31, 2022
- Does this refer the money left in the account
- If so, why couldn't it be reported in the 1099-Q form itself
Any help in understanding and answering these questions is appreciated.
Regards,
Ramesh
