I got a distribution from my daughter's Coverdell ESA to cover tutoring expenses. How do I input the expense?

posted

Connect with an expert

2 Replies

I got a distribution from my daughter's Coverdell ESA to cover tutoring expenses. How do I input the expense?

You should have received a 1099-Q reporting the distribution from your Coverdell.

Here's where to report your 1099-Q

Type 1099-Q in the find/search box in TurboTax.
Click Jump to 1099-q
Follow the prompts to enter your distribution information.

I got a distribution from my daughter's Coverdell ESA to cover tutoring expenses. How do I input the expense?

I did receive the 1099-Q and input it. That shows as income. How do I record the expense that distribution went to pay?

Still have questions?