Coverdell Contributions

[msmith7305]

Is there anywhere to enter contributions to a Coverdell?

I can't find anything other than a place to record EXCESS contributions from prior years.

[George4Tacks]

Not deductible. No place to record on a 1040. https://www.irs.gov/taxtopics/tc310

[msmith7305]

I agree it is not deductible. However, it would be nice to have a crosscheck as to how much of a contribution is allowed. There is a max MAGI limitation for contributions ($220k MFJ) with a phaseout range of $30,000 MFJ.  If there was a worksheet it would help in figuring out the allowable amount. 

[George4Tacks]

Not what you want, but IRS has one on page 49 https://www.irs.gov/pub/irs-pdf/p970.pdf

[msmith7305]

Ha! No, not the answer I want and yes, I'm aware of the worksheet.

Just would be nice to have the same type of warning system as the Deductible IRA worksheet.