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1099Q - need to report to avoid amending 2021 return?
Hi Experts,
I contributed more on the Coverdell ESA account than I was allowed in 2021. I got that removed before 5/31/22. There are earnings from the over contribution. I will be getting the 1099Q in 2023. To avoid amending tax return for 2021 when I receive the 1099Q in 2023, do I need to enter the earnings on my 2021 tax return (not yet file, waiting on this part)? If so which portion in Turbo tax I should enter this earning information? Please kindly advise.
Thank you for the assistance!
‎April 9, 2022
11:58 AM