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.
You’ll receive this form if you earn $10.00 or more in dividends on your accounts in a calendar year. They are sent out in January.
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 the following year.
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
If you’re signed up for e-statements on Online Banking, tax forms can be found under the Account tab by selecting Statements & Documents. If you don’t receive e-statements, tax forms will be mailed to you. Mortgage-related tax statements are not available online and will be mailed.