The 1099-R is used to report rollovers and/or distributions from qualified retirement accounts and IRAs. You will receive a 1099-R during the calendar year if:
- Your qualified retirement plan rolled over to an IRA for you at Millennium Trust.
- You took a taxable distribution or executed a direct rollover to a current employer's qualified plan from your IRA at Millennium Trust.
All 1099-Rs will be mailed by January 31 of the year following the above event(s).