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Which of the following statements about a Coverdell ESA is not correct? A.every contributor can make an annual $2,000 contribution to a Coverdell for the
Which of the following statements about a Coverdell ESA isnotcorrect?
A.every contributor can make an annual $2,000 contribution to a Coverdell for the same beneficiary
B.Coverdell assets can be used for elementary, secondary and higher education
C.assets in a Coverdell ESA accumulate on a tax-deferred basis and earnings are tax-free is used for qualified educational purposes
D.taxpayers may be phased out from contributing to a Coverdell ESA because of their level of modified adjusted gross income
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