When to Expect a Tax Form from Us
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When to Expect 1099-INT and Form 1098
There are several tax reporting forms issued by all financial institutions. Here’s a rundown of different types and when you might receive one from us.
Form 1099-INT
You’ll receive this form if you earn $10.00 or more in dividends on your accounts in a calendar year. They are available in Online Banking for those enrolled in e-statements in early January. They are also sent by mail in January.
Form 1098
If you pay $600.00 or more in interest on a real estate-secured loan (mortgage, home equity, etc.) you’ll receive this form by mail at the beginning of January.
Other less common tax forms you may receive from us include:
- 1099C - Debt Discharged
- 1099R - IRA Distribution Totals
- 1099SA - HSA Distribution Totals
- 1099Q - Coverdell ESA Distribution Totals
- 5498 - IRA Fair Market Value
Quick tips
- If you’re enrolled in e-statements in Online Banking, tax forms are located in Statements & Documents under the Account tab. You will also receive your tax forms by mail.
- Tax forms are not issued for interest paid on a vehicle loan. Interest paid for the previous year is available on December statements.
- Mortgage-related tax statements are only sent by mail. They are not available in Online Banking.