What is a 5498-ESA (Education Savings Account)?

Coverdell Education Savings Account Form 5498-ESA

Form 5498-ESA reports the education savings account contributions or rollovers that were made throughout the year. You do not need to enter this form in your tax return. 

Distributions form a Coverdell Education Savings Account are reported on Form 1099-Q. Form 1099-Q is reported on your tax return by visiting the:

1. Federal Section
2. Income
3. Less Common Income
4. Payments from Qualified Education Programs Form 1099-Q

For more information, see:

• Form 5498-ESA
• Form 5498-ESA Instructions
• Form 1099-Q
• Form 1099-Q Instructions