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. This is not true in my case. Turbo Tax enters the info from box 2 without accounting for the expenses.
On form 1099-Q, instructions to the recipient reads: ".... You must determine the taxability of any distribution." Isn't Turbo Tax supposed to help us do that when we answer the questions?
