Coordination with Coverdell education savings accounts
If, with respect to an individual for any taxable year—
(I)#
the aggregate distributions to which clauses (i) and (ii) and section 530(d)(2)(A) apply, exceed
(II)#
the total amount of qualified higher education expenses otherwise taken into account under clauses (i) and (ii) (after the application of clause (v)) for such year,