diff --git a/django/forms/models.py b/django/forms/models.py
index e9b71ccf262..0913a4e8b80 100644
--- a/django/forms/models.py
+++ b/django/forms/models.py
@@ -1033,6 +1033,8 @@ class ModelMultipleChoiceField(ModelChoiceField):
         return qs
 
     def prepare_value(self, value):
-        if hasattr(value, '__iter__') and not isinstance(value, six.text_type):
+        if (hasattr(value, '__iter__') and
+                not isinstance(value, six.text_type) and
+                not hasattr(value, '_meta')):
             return [super(ModelMultipleChoiceField, self).prepare_value(v) for v in value]
         return super(ModelMultipleChoiceField, self).prepare_value(value)
diff --git a/tests/modeltests/model_forms/models.py b/tests/modeltests/model_forms/models.py
index 132da2d3188..383a10584b5 100644
--- a/tests/modeltests/model_forms/models.py
+++ b/tests/modeltests/model_forms/models.py
@@ -263,3 +263,18 @@ class FlexibleDatePost(models.Model):
     slug = models.CharField(max_length=50, unique_for_year='posted', blank=True)
     subtitle = models.CharField(max_length=50, unique_for_month='posted', blank=True)
     posted = models.DateField(blank=True, null=True)
+
+@python_2_unicode_compatible
+class Colour(models.Model):
+    name = models.CharField(max_length=50)
+
+    def __iter__(self):
+        for number in xrange(5):
+            yield number
+
+    def __str__(self):
+        return self.name
+
+class ColourfulItem(models.Model):
+    name = models.CharField(max_length=50)
+    colours = models.ManyToManyField(Colour)
diff --git a/tests/modeltests/model_forms/tests.py b/tests/modeltests/model_forms/tests.py
index 47d72abdc2c..a401b16b093 100644
--- a/tests/modeltests/model_forms/tests.py
+++ b/tests/modeltests/model_forms/tests.py
@@ -19,7 +19,8 @@ from .models import (Article, ArticleStatus, BetterWriter, BigInt, Book,
     Category, CommaSeparatedInteger, CustomFieldForExclusionModel, DerivedBook,
     DerivedPost, ExplicitPK, FlexibleDatePost, ImprovedArticle,
     ImprovedArticleWithParentLink, Inventory, Post, Price,
-    Product, TextFile, Writer, WriterProfile, test_images)
+    Product, TextFile, Writer, WriterProfile, Colour, ColourfulItem,
+    test_images)
 
 if test_images:
     from .models import ImageFile, OptionalImageFile
@@ -174,6 +175,10 @@ class PriceFormWithoutQuantity(forms.ModelForm):
         model = Price
         exclude = ('quantity',)
 
+class ColourfulItemForm(forms.ModelForm):
+    class Meta:
+        model = ColourfulItem
+
 
 class ModelFormBaseTest(TestCase):
     def test_base_form(self):
@@ -1515,3 +1520,12 @@ class OldFormForXTests(TestCase):
                          ['name'])
         self.assertHTMLEqual(six.text_type(CustomFieldForExclusionForm()),
                          '''<tr><th><label for="id_name">Name:</label></th><td><input id="id_name" type="text" name="name" maxlength="10" /></td></tr>''')
+
+    def test_iterable_model_m2m(self) :
+        colour = Colour.objects.create(name='Blue')
+        form = ColourfulItemForm()
+        self.maxDiff = 1024
+        self.assertHTMLEqual(form.as_p(), """<p><label for="id_name">Name:</label> <input id="id_name" type="text" name="name" maxlength="50" /></p>
+        <p><label for="id_colours">Colours:</label> <select multiple="multiple" name="colours" id="id_colours">
+        <option value="1">Blue</option>
+        </select> <span class="helptext"> Hold down "Control", or "Command" on a Mac, to select more than one.</span></p>""")