As long as your MAGI is less than $190,000 for married filing jointly you are able to make a contribution of $2000 to the Coverdell ESA. Since your AGI is $205,000 the limit is less than $2000 in total. You are not able to make a contribution of $2000. There is also a phaseout on the contribution for filing as single.
Please see this from the IRS Tax Tip.
This worksheet from the IRS will let you know the amount that you can contribute as Married Filing Joint and with the filing status of single.
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