Members enrolled in eStatements as of Dec. 31, 2016, will receive their tax forms electronically, while all others will be mailed. Only accounts (combined checking and savings) with $10 or more in interest earning during 2016 will receive the 1099-INT. Only members with mortgage interest paid of $600 or more per loan will receive a 1098.
Note: Members not meeting these thresholds for mailed forms should refer to their statements for tax preparation purposes.
What Each Form Means
1099-INT: Interest income.
1099-R: Individual Retirement Account (IRA) distributions.
1099-SA: Health Savings Account (HSA) distributions.
1098: Mortgage interest.
1098-E: Student loan interest.
If you have any questions or haven’t received your tax forms by Feb. 17, 2017, please call us at 800.845.5025 or email firstname.lastname@example.org.