If you are getting monthly retirement payments in the year you turn 59.5......you get 2 1099-R forms that year.
One with a code 2 in box 7
One with code 7 in box 7.
____________________________
1) Even if not getting monthly payments, you could get two if you took two distributions during the year you turned 59.5.......there would be different box 7 codes for those too.
2) I guess there could be two also, if you took a corrective distribution for over-contribution to some retirement account last year, and then also took another distribution. Those would be coded differently in box 7.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
