DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Yes, if you decide to report the two1099R as separate entries and report the second 1099R with a code 2 in Box 7, this is correct. The $1600 should not be assessed an early withdrawal penalty because it should have been reported in one 1099 R form in the beginning.

 

@Hippo24 

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