I received two 1099-Rs this year because I liquidated two smaller 401K’s for a down payment on a house.
I believe I qualify for “the rule of 55.”
I withdrew the funds after I turned 55, is and I had left both jobs from each 401(k) prior.
One of my 1099 – Rs has distribution code 2, which is correct.
The other 1099 – R has distribution code 1, which I believe is incorrect.
Both withdrawals were made at the same time, and I was 56 at the time. I had left both jobs where I had held the 401(k)’s.
Can I just change the “1” to a “2” in TurboTax?
