2019 Tax Forms
What are 1098 & 1099 Tax Forms?
IRS tax forms report interest paid and earned on your GOLD accounts during the tax year.
1098 tax forms report the amount of interest and mortgage-related expenses paid on an individual real-estate loan. A form is issued if you have paid more than $600 in interest and mortgage-related expenses on an individual real-estate loan in the prior year.
1099 tax forms report the amount of interest received on all interest-bearing accounts. A form is issued if $10 or more cumulative interest on all accounts was earned in the prior year.
When will I receive my form(s)?
Any tax forms applicable to your account(s) will be available by the end of January 31, 2020.
How will I receive my form(s)?
If you receive your GOLD statements by mail, your tax forms will be mailed to your address on file. If you're enrolled in eStatements, you will receive an email notification letting you know your forms are available to view, print, or download.
IRS 1098 Tax Forms
This form details the amount of interest and mortgage-related expenses you've paid to us during the tax year. You'll use the numbers reported on this form as you prepare your taxes. The 1098 form will not be generated by us if you've paid less than $600 interest on an individual loan in the prior tax year.
IRS 1099 Forms
This form details the amount of interest paid to you on all deposit accounts – saving, checking, or IRA accounts – with GOLD Credit Union during the tax year. Just like the 1098, you'll use the numbers reported on this form as you prepare your taxes.
The 1099 form will not be generated by us if you've earned less than $10 interest cumulative on accounts on which you're the primary account holder. If you don't meet the threshold to have a 1099 form generated for you, but you'd like to know the amount of interest earned, you can get that information through GOLD Online Banking. Just click the "Account Info" tab, select an account from the dropdown, and you'll see the amount earned next to the "Dividends Paid Last Yr" line.
We're here to talk you through it!
Speak with a Member Service Representative at 484-223-4200.