Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:31:26 PM

How do I report a Coverdell ESA contribution on turbotax?

0 1 1742
1 Replies
Level 1
Jun 4, 2019 7:31:27 PM

Excess contributions to a Coverdell ESA (contributions more than $2,000) are entered under Education in the Deductions & Credits section.  Say yes to "Were you the beneficiary of a Coverdell Education Savings Account (ESA)?" and hit Continue.  You will be able to enter the excess contributions on the next screens.