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New Member
posted Feb 27, 2022 4:29:19 PM

If I received 2 Forms 1099-R from the same institution, same dates, different amounts, which one should i use to file? The one with the least or bigger amounts?

0 2 489
2 Replies
Alumni
Feb 27, 2022 4:32:15 PM

Is one a corrected 1099-R that replaces the first one?      Ask the financial institution why you received two.

Level 15
Feb 27, 2022 4:56:09 PM

And...the codes in box 7?

 

If you've been getting monthly payments, then in the year you turn 59.5 years old, you do get two 1099-R forms.

 

One for the before age 59.5 (usually box 7 is code 2)

...and another for the after age 59.5 payments (usually the box 7 code is a 7)