topic Re: Two 1099-R forms in Get your taxes done using TurboTax

Two 1099-R forms

Cshantel — Wed, 11 Feb 2026 04:48:56 GMT

Early 2023 I withdrew all the money from my 401K after I left my job. I basically spent the money on taking care of me and my kids. I’m filing my taxes this year and I received two 1099-R forms. One has the total distribution box checked, distribution code 1 but the doesn’t have the total distribution box checked and the distribution code is M1. So which form do I actually file or do I need to file both?

Re: Two 1099-R forms

DaveF1006 — Thu, 01 Feb 2024 20:10:30 GMT

To clarify, were there two entries made in Box 7, one being a code 1 and the other a code M? There is no such thing as a code M1 in Box 7.

Re: Two 1099-R forms

Cshantel — Thu, 01 Feb 2024 20:36:25 GMT

Well I guess there’s two entries. It says distribution code(s) M1. It has them so close together I thought it was one entry.

Re: Two 1099-R forms

Cshantel — Thu, 01 Feb 2024 20:37:42 GMT

To clarify on the second form, it has in box 7, distribution code(s) M1

Re: Two 1099-R forms

VolvoGirl — Thu, 01 Feb 2024 20:38:26 GMT

If you actually got 2 1099R forms you need to enter them both. Then the M1 is two separate codes on that one. There are 2 spots for the code.

Re: Two 1099-R forms

Cshantel — Thu, 01 Feb 2024 20:58:10 GMT

When I tried to enter in both it’s adding both amounts together as the income. Is that even accurate?