Form 5498-ESA
This information is being furnished to the Internal Revenue Service (IRS). If additional investments and/or adjustments are made to your account, an updated 2014 Form 5498-ESA will be mailed to you by April 30, 2015.

To view the tax filing information for a form section, click on the appropriate letter below.
Putnam Investments 5498-ESA

Putnam Investor Services
P.O. Box 8383
Boston, MA 02266-8383
1-800-225-1581



BENEFICIARY'S name, address, and ZIP code
JOANNE SAMPLE
PO BOX 41203
PROVIDENCE RI 02940-1203



Corrected (if checked)



 
2014 Coverdell ESA Contribution Information

This form represents your 2014 Form 5498-ESA contributions as of 12/31/2014. If additional investments and/or adjustments are made to your account an updated 2014 Form 5498-ESA will be mailed to you by April 30, 2014.


Beneficiary's tax identification number
xxx-xx-1234
Name of Fund (Payer)
and Account Number
Fund (Payer)
Tax ID Number
1.
Coverdell ESA Contributions
2.
Rollover Contributions
INVESTORS FUND-A
0001-0123456789
04-6661045
.49 .00
GROWTH & INCOME-A
0004-0123456789
04-6661045
9.37 .00
MONEY MARKET-A
0008-0123456789
04-6661045
.00 .00
INTL EQUITY-A
0035-0123456789
04-6661045
13.78 .00
UTIL GRTH & INC-A
0036-0123456789
04-6661045
.00 .53
INTL NEW OPPS-A
0045-0123456789
04-6661045
6.30 .00

Frequently Asked Questions

  • Are contributions to a Coverdell ESA deductible?
    Contributions to a Coverdell ESA are not deductible; however, earnings accumulate tax free and qualified withdrawals are nontaxable.
  • How many Education Savings Accounts may a child have?
    There is no limit to the number of accounts a child can have. However, the total contributions per year to all accounts combined cannot exceed $2,000.
  • Can I also fund a Coverdell ESA if I currently have a 529 account?
    Yes, the law permits contributions to both a Coverdell ESA and 529 in the same year for the same beneficiary.
  • What are the benefits of opening a Coverdell ESA account?
    It gives you the opportunity to contribute up to $2,000 per child per year to save for primary or secondary education; it gives you the ability to make contributions until April 15, 2015, for tax year 2014; it gives you the ability to make tax-free withdrawals as long as the money is used for qualified educational expenses; and it gives you the ability to transfer the account to another family member without penalties or taxes. The $2,000 contribution limit may be reduced if certain income limitations are exceeded by the transferor.


None of the information in this Web site should be considered legal or tax advice. You should consult your legal or tax advisor for information concerning your own specific tax situation. The forms and numbers shown in this Web site are for illustrative purposes only.