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1099 distribution code G -- inviting too much IRS scrutiny

I rolled over my 401K this year and it makes my IRA, 401K, Pension distributions lines jump up significantly.   It's a 1099 -R with a distribution 7 code of G.    It does show a 2a taxable amount of $0.   However, my sense is the optics of that Retirement section with the new significant $$ (on top of my military retirement $$) provides the optics that would seem to trigger an audit.   Am I being paranoid?  should I not list the 1099-R - G code to avoid uncommon scrutiny?

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2 Replies
MinhT1
Expert Alumni

1099 distribution code G -- inviting too much IRS scrutiny

You should list the 1099-R with code G which is a non taxable direct rollover.

 

This isn't at all a red flag for the IRS. Every year, thousands of taxpayers roll over their retirement plans, and the IRS is very familiar with these operations. You shouldn't worry at all!

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1099 distribution code G -- inviting too much IRS scrutiny

thank you!! 

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