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money from a coverdell education savings account can be used for: a. po…

Question

money from a coverdell education savings account can be used for:

a. post-secondary tuition and fees only.

b. private college expenses only.

c. private elementary, secondary, and post-secondary education expenses only.

d. k to 12 and post-secondary education expenses.

Explanation:

Brief Explanations

A Coverdell Education Savings Account funds can be used for K - 12 (kindergarten to 12th grade, which is elementary and secondary) and post - secondary education expenses. Option A is wrong as it's not just post - secondary tuition/fees. Option B is wrong as it's not just private college. Option C is wrong as it's not restricted to private schools; public K - 12 and post - secondary (public/private) are eligible too. So D is correct.

Answer:

D. K to 12 and post - secondary education expenses.