Hiroshi
New Member

Education

Then why does Turbo Tax (in EasyStep mode) ask "Did you use your US Savings bonds to pay for higher education?  This includes.....contributions to a Coverdell education savings account (ESA)"?  I understand Coverdell contributions are not tax deductible, but Turbo Tax indicates it can be a tax break on the bond interest.  

Form 8815 also states in the instructions for Line 2: "Qualified higher education expenses include tuition and fees required for the enrollment or attendance of the person(s) listed on line 1, column (a), at the institution(s) listed in column (b). They also include contributions to a Coverdell ESA or a QTP for the person(s) listed on line 1. "