2018 Tax Forms

IRS Forms 1098 & 1099

Any tax forms applicable to your account(s) will be generated by the end of January 2019. If you receive your 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.

Prefer not to wait? Get your information immediately by accessing your Membership Summary through your latest eStatement or pulling up your Account Information from the drop-down menu of any of your accounts in GOLD Online Banking.

Who gets them? What are they? The IRS 1098 and 1099 tax forms you'll receive from GOLD report interest paid and interest earned during the tax year. Keep scrolling to learn the basics of these common forms.

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. Not getting a form doesn't mean you can't claim the interest on your taxes though! You can get the amount of interest paid by accessing your Membership Summary through your latest eStatement or pulling up your Account Information from the drop-down menu of any of your accounts in GOLD Online Banking.

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 by accessing your Membership Summary through your latest eStatement or pulling up your Account Information from the drop-down menu of any of your accounts in GOLD Online Banking.

 

 

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