turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

2 1099 forms

I cashed out my 401k after leaving the company I worked at for nearly 5 years.

Why did I receive 2 1099 Forms in the mail?

It is showing tax withheld on the 1099 form with the larger amount listed, yet showing all zeros on the form with the smaller amount.

I'm confused because I only received the one time payout of the larger amount.

Any idea why I received 2 forms? And should I include both of them?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
dmertz
Level 15

2 1099 forms

What is the code (or codes) in box 7 of each of these Forms 1099-R?

Does either form have a nonzero amount in box 5?

NicolleR1
Expert Alumni

2 1099 forms

You should contact the 1099-R issuer for additional information.

One might be a correction of the other, or the disbursement method might have different categories. You might also have had different accounts within the same company. This is just general information.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question