Q. I'm uneasy about not reported the 1099-Q?
A. It is actually not possible to "report" it to the IRS. You can enter in TurboTax (TT), but it will not get reported to the IRS. When the box 1 amount on form 1099-Q is fully covered by expenses, TT will enter nothing about the 1099-Q on the actual tax forms. Most people with a 1099-Q, do not report it to the IRS.
