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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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!
thank you!!
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