Do I need a tax form for my retirement account?

You may not receive a tax form for your retirement account each year. If you took a taxable distribution from your retirement plan you will receive IRS Form 1099-R from Alerus. The form is available online in early February of the year following the distribution.

To download your Form 1099-R log in to My Alerus and select My Documents from the top menu. From there, select your retirement account and then 1099R.

Keep in mind that a loan from your retirement account may not be considered taxable unless you default (stop paying) on the loan or leave your employer. Contact our Client Service Center for more information.