What if a client has a qualifed account, and is enrolled in a scheduled withdrawal program, and turned 59 last year, will the client receive two 1099-R forms?
No, the client will not receive 2 1099-R forms. The client will have multiple line items on the 1099-R form. (Distribution code 1, Early distribution, no known exception or Distribution Code Z, Early distribution, exception applies as applicable) and another with a Distribution code 7, Normal distribution).
