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Should I expect to receive 2 separate 1099-R forms if I had an early 401k withdrawal AND a simultaneous 401k loan offset distribution?
I was laid-off and cashed out my 401k. My previous loan balance was offset and I received a check for the remainder, less federal and state taxes. Today I received a form 1099-R for only the loan offset amount, which indicates no taxes were taken out. I have not received a 1099-R for the full (taxed) withdrawal amount. Should I expect additional forms to arrive or does this sound like an error? Thank you for any assistance!
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‎January 23, 2021
1:03 PM