Question

1099 distribution code G -- inviting too much IRS scrutiny

Forum|Forum|2 years ago
April 11, 2024
1 reply
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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?

TurboTax Home & Biz Windows

M

MinhT1

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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