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Which of the following distributions from a Coverdell Education Savings Account (ESA) is most likely to be taxable? A distribution that is a return of
Which of the following distributions from a Coverdell Education Savings Account (ESA) is most likely to be taxable? |
A distribution that is a return of investment, used to pay qualifying education expenses at an eligible institution. | |||
A distribution taken to pay education expenses already reduced by the American Opportunity Credit. | |||
A distribution used to pay tuition at a private high school. | |||
A distribution that exceeds qualifying education expenses. | |||
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