Question: Which statement regarding Coverdell ESAs is correct? A beneficiary may not have more than one ESA. A distribution may not be used to pay for

Which statement regarding Coverdell ESAs is correct?
A beneficiary may not have more than one ESA.
A distribution may not be used to pay for uniforms for a student attending a private elementary school even when required by the school.
Contributions are limited to $2,500 per beneficiary each year.
Contributions can be made as long as the beneficiary is under the age of 18 or is a special needs beneficiary.

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