The 1099-Q box 5 that we received does not have any of the boxes checked. Turbo Tax does not let me leave a box unchecked when entering the information. It is putting all of the box 2 earnings into income if I choose "State". We have a Prepaid Tuition plan in the State of Kentucky. I thought it was not taxable if it was used for qualified education expenses. Is there a method to leave the boxes in box 5 unchecked in Turbo Tax? Does Turbo Tax handle Prepaid Tuition plans correctly ?
