Two different Forms 1099-R are required because the coding in box 7 is different for these two distributions. The Form 1099-R for the offset distribution will include code M to indicate that you generally have until the due date of your tax return, including extensions, to come up with the money to roll over some or all of the offset distribution. However, if you qualify for these to be treated as coronavirus-related distributions and report them as such, you have 3 years to repay the distributions.
