I understand what boxes 2 and 3 are asking.
The question is how does one gather this information if the institution that manages the Coverdell ESA does not provide this information.
Assuming withdrawals are made to cover expenses for 4 years.
- Basis for each year: Total contributions / 4
- Earnings for each year: Withdrawals of each year - Basis of each year
I suspect this simple way will not fit many other scenarios, where withdrawals are made over longer terms and contributions could be happening concurrently.
Regards,
Ramesh
