mattgutz
Level 4
02-21-2022
03:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
He has $50,000 in a Coverdell but got a full scholarship. He withdrew the total Basis of $22,000 and all that is left are the Earnings. The 1099-Q does not have amounts listed in Box 2 - Earnings or Box 3 - Basis.
Can I allocate the $22,000 distribution to the earnings?
Can I allocate the $22,000 distribution to the earnings?
Labels