Hello there,
I am in the process of amending my tax return for 2022. I am doing this because I was misinformed about a qualifying education expense -- (car -- loosely justified to get to school by parent). I am having trouble figuring out the basis.
What should be done to calculate the basis if the company managing the ESA has no records of total contributions? Box 2 and 3 are left as $0 and am told I need to calculate it myself using a table from the IRS. — My ESA fund has been managed by more than one company over the years, and I did not find any records from them about total contributions dating years back.
What should be done if the contributor has no records of contributions?
How should this be reported if some of the distribution was used for a qualifying expense and some was not? I had later found out this year that one of my expenses did not qualify.
