No, this generally does not result in an inquiry from the IRS but we do suggest maintaining your records in an easily accessible place just in case.
When there is no taxable income to report, nothing goes to the IRS related to your 1099-Q even if you do enter it into TurboTax. Written (usually in tiny type) directly on the 1099-Q are the IRS instructions that only taxable transactions should be reported. By not reporting the transactions that aren't taxable, you are complying with IRS instructions.
The 1099-Q form is not one of the ones that is matched by the IRS automatic under reporter tools.
@Denk1
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