The 1099-R is used to report rollovers and distributions from qualified retirement accounts and IRAs. You may receive a 1099-R during the calendar year if:

  • You rolled over your qualified retirement plan to an IRA at Inspira Financial.
  • You took a taxable distribution or executed a direct rollover to a current employer's qualified plan from your IRA at Inspira Financial.

If either of the above scenarios applies to your retirement account, you can expect to receive a 1099-R which should be mailed by Inspira Financial by January 31 of the year following the above event(s).