Box-2 and Box-3 of 1099-Q are empty
I got a 1099-Q form for my son. The box-2 and box-3 are empty. Box-1 has a number N1. Box for Fair-Market-Value has a number N2. The value of N2 is greater than N1.
In addition the box for Coverdell ESA has X mark, with distribution code set to 1.
Turbo tax is asking me to enter value for earnings, basis, etc. How do I use the form I have to fill in those values. I have no way to determine the cost basis as it was contribution over a long time.
An explanation on how to use will be very helpful.
Regards,
Ramesh