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Is there a specific form I need to make an approved withdrawal from a Coverdell Account? Does the broker make the determinatio if it's a covered expense of is that something you submit with your tax return?

Ed
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No. of Recommendations: 0
Is there a specific form I need to make an approved withdrawal from a Coverdell Account? Does the broker make the determinatio if it's a covered expense of is that something you submit with your tax return?

My experience was that it depends on the broker - they're still feeling their way through these things. The broker doesn't make the determination; the IRS will. In my case, the 1098-T will be way, way more than the Coverdell so I'm sure I'm okay.

Here's some info from the IRS - http://www.irs.gov/taxtopics/page/0,,id%3D16182,00.html

rad
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