Need Help With 1099Q

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ppar87
Posts: 1
Joined: Mon Apr 09, 2018 10:25 pm

Need Help With 1099Q

Post by ppar87 » Mon Apr 09, 2018 10:30 pm

My parents set up a Coverdell ESA for me. Unfortunately, the funds were never withdrawn for educational purposes and I received a full distribution of the funds in the ESA. Accordingly, I received a 1099-Q for the distribution amount. How do I report the distribution but also show the basis? I'm currently using the H&R Block software and when I put the information for the distribution as shown on the 1099-Q, there is no box to show a basis. Can anyone help?

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