I was the beneficiary on a Coverdell ESA through Vanguard. Since I've graduated college and have no more foreseeable qualifying education expenses, I decided to just take all the money out of the account. Vanguard transferred the money to my brokerage account (also Vanguard). I thought that they should have issued a 1099-Q showing that the entire amount was distributed. However, neither my dad (the custodian on the ESA account) nor I received one. I can see a 1099-Q for all previous years showing all the withdrawals we made for each year, but for some reason this transfer did not result in a 1099-Q. I confirmed that Vanguard already sent out 1099-Q forms for 2023. On the consolidated 1099 form for my brokerage account, it does show the money from the ESA in there, but the cost basis is the amount that was transferred.
Was I supposed to get a 1099-Q form? If not, how would I identify/report that the money came from an ESA?
