You can just not report the 1099-Q, at all, if your
student-beneficiary has sufficient educational expenses (up to $10,000 for K-12) to cover the distribution. When the box 1 amount on form 1099-Q is fully
covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual
tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an
IRS inquiry.
