The IRS Form 5498‑ESA (Coverdell Education Savings Account Contribution Information) is the official document trustees or issuers use to report contributions, rollovers, and the year‑end fair market value of a Coverdell ESA. Accurate reporting helps the IRS track education‑savings contributions and ensures beneficiaries stay within the $2,000 annual limit.
Form 5498‑ESA provides a yearly snapshot of all activity in a Coverdell ESA. It includes:
Instead of printing, downloading, and editing the PDF in a separate editor, simply click the "Fill out this form" button on this page. The Formize PDF Filler app will load instantly, letting you:
Deadline: Trustees must provide Copy B of Form 5498‑ESA to the beneficiary by May 31 of the year following the tax year.
Common mistakes to avoid:
If you prefer to work offline, you can download the official fillable PDF directly from the IRS:
Formize provides a secure, browser‑based environment that eliminates the need for separate PDF software. Your data never leaves the encrypted session unless you choose to save or export it. Plus, the built‑in validation helps you submit a clean, error‑free form the first time.
Ready to get started? Click the button below and let Formize guide you through every field.
The trustee or issuer of the Coverdell ESA files the form. A copy (Copy B) is provided to the beneficiary by May 31 of the following year.
No. Contributions reported on Form 5498‑ESA are not deductible, but they are important for tracking contribution limits.
Yes. If you have 250 or more forms, electronic filing is required. For a single form, you can submit a paper copy or use an online filler like Formize.
Excess contributions plus earnings must be withdrawn by June 1 of the following year to avoid a 6% excise tax on the excess amount.
Generally, no supporting documents are attached to Form 5498‑ESA, but you should keep records of contributions and rollovers for your own files.
Submit a corrected Form 5498‑ESA with the label "Corrected" at the top of the form. The IRS provides instructions for filing amended information returns.
Form 5498-ESA is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
The easiest way to fill Form 5498-ESA online
Delete filling session
Delete editing session
