I transferred money from a 401K to a traditional IRA, then withdrew those funds. Should I have 2 1099R forms?

[EdwardK]

Yes. Form 1099-R is used to report the distribution (including rollovers) of retirement benefits such as pensions, annuities or other retirement plans. Presumably, you would receive one Form 1099-R related to the rollover (transfer) and one Form 1099-R related to the distribution (withdrawal). Each of these transactions would be identified on Box 7. Please review the following link(s) and the link(s) embedded on the webpage(s) for more information:

• Where do I enter my 1099-R?
• What do all the codes in Box 7 of the 1099-R mean?
  
• When to Use Tax Form 1099-R Distributions From Pensions, Annuities, Retirement, etc.