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Coverdell ESA
I received a 1099-Q for my daughter with me listed as guardian. Do I answer yes as to whether I received a 1099-Q on my return? My daughter doesn't have a job and so won't be submitting a tax return. Also, if I put the 1099Q on my tax return, how do I figure out the basis. This account was set up over 15 years ago and no contributions have been made since. I have no idea what the original contributions were. The account was transitioned to a new bank a few years back, so I only have limited history.
‎February 4, 2021
6:40 PM