How do I record a rollover of a Coverdell ESA to a 529 account in TurboTax. It only appears to allow a rollover from a Coverdell to another Coverdell.

[jackwier]

The IRS does not consider this to be a taxable distribution from the Coverdell, but TurboTax appears to consider a Coverdell-to-529 rollover to be a taxable distribution from the Coverdell account.

[AmyC]

If you did it within 60 of distribution, it does not go on your tax return. Otherwise, it is a taxable distribution.

Publication 970, Tax Benefits for Education pages 43 and 44 state:

Any amount distributed from a Coverdell ESA isn't taxable if it is rolled over to another Coverdell ESA for the benefit of the same beneficiary or a member of the beneficiary's family (including the beneficiary's spouse) who is under age 30. This age limitation doesn't apply if the new beneficiary is a special needs beneficiary.

An amount is rolled over if it is paid to another Coverdell ESA within 60 days after the date of the distribution. Don't report qualifying rollovers (those that meet the above criteria) anywhere on Form 1040, 1040-SR, or 1040-NR. These aren't taxable distributions.