TAX RESOURCE CENTER
Form 5498-ESA is used to report contributions and rollovers made to a Coverdell Education Savings Account for a given tax year. Find more information about Coverdell Education Savings Accounts.
Shareholders who made contributions or rollovers to a Coverdell Education Savings Account in a given tax year.
5498 ESA will be mailed if you had:
Thrivent Mutual Funds will mail no later than April 30.
A summary of contributions, transfers and rollovers made to date to your CESA for the year; and the Dec 31 market value for each CESA you own.
Track your contributions and determine your basis.
If you want to make Coverdell ESA contributions for the prior tax year, it must be postmarked by the due date of the contributor’s tax return (generally April 15) and designated as a contribution for the previous year.
Refer to IRS Publication 970 for more information.
The information provided is not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation.