1099-Q - 1 = $7,563 2 = $0 3 = $0 5 = CESA FVM 12/31/2021 = #13,897.13
I have a question about the next page on the CESA section. It asks 3 questions.
1) Contributions for 2021 = $0
2) Basis as of 12/31/2020 = ???
3) Total value as of 12/31/2021 = $13,897
This was an account set up by my grandmother many years ago and who is now deceased. I have no clue what to put as the basis (#2). This is the first year I am taking a distribution for college expenses. Is the value for the Basis just adding the value now plus the value of the distribution? $13,897 + $7,563 = $21,460
