Your basis is the total amount of contributions to that Coverdell ESA. You claim the loss as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23 (Schedule A (Form 1040NR), line 9), subject to the 2%-of-adjusted-gross-income limit.
The RNA copy of the protein genetic information encoded in DNA molecule is produced in the nucleus and it is called messenger RNA (mRNA). Each mRNA encodes the information for a single protein and is much smaller in size compared to the DNA molecule.
DNA store the genetic information, this information has to be converted into âproductâ to perform the cellular function. The process is called âthe central dogmaâ, DNA is first transcribed into messenger RNA (mRNA), then the protein is synthesized according to the information on mRNA. This way the information is passed from DNA to protein and the proteins are the âexecutiveâ molecules in cells.