When and how to access your Elevations tax documents
Your Elevations tax documents will be available online or mailed to you by Jan. 31.
To access your tax documents online, please log in to Elevations Online Banking and follow the instructions below for each form:
- Form 1099-INT (interest income) - click the "Accounts" menu and select "Statements & Documents." In the statement portal, click "Tax Statements." NOTE: if your dividend earnings are less than $10, you will not receive a 1099-INT statement.
- Form 1098 for Mortgages - click on your mortgage on the account dashboard. In the Mortgage Service Center click the "Loan Information" menu and select "Year-End Statement."
- Form 1098 for HELOCs - click the "Accounts" menu and select "Statements & Document." In the statement portal, click "Tax Statements."
Additional documents you might be looking for
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Form Name: 1099-INT
Date Available: Postmarked no later than Jan. 31
How the form will be received:
- Members will receive one tax form with total dividends from all Elevations accounts, except tax deferred accounts such as IRAs, ESAs or HSAs. Joint account holder names and account numbers will not appear on tax forms
- Members enrolled in eDocuments will receive their form by logging into Online Banking for their oldest account (the account with the smallest account number)
- Members who are not enrolled in eDocuments will receive their form by mail to the address on file for their oldest account (the account with the smallest account number)
- To enroll in eDocuments, log in to online banking and click on the "Accounts" tab, and then select "Statements & Documents"
- As an additional level of identity theft protection, only the last 4 digits of social security numbers will be displayed on 1099 INT forms
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Dividends earned on accounts for Non-Resident Aliens
Form Name: 1042-S
Date Available: Postmarked no later than Jan. 31
How the form will be received:
For each dividend-earning share, members will receive a separate tax form, except tax-deferred accounts such as IRAs, ESAs or HSAs. Joint account holder names and account numbers will not appear on tax forms.
- Members enrolled in eDocuments can access their form by logging into online banking
- Members who are not enrolled in eDocuments will receive their form by mail to the address on file
- To enroll in eDocuments, log in to online banking and click on the "Accounts" tab, and then select "Statements & Documents"
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Interest paid on Mortgages
Form Name: 1098
Date Available: Postmarked no later than Jan. 31
How the form will be received:
Members will receive their form by mail to the address on file for the mortgage loan account. You can also find the statement in online banking. Click on your mortgage on the account dashboard, then in the Mortgage Service Center click the "Loan Information" menu and select "Year-End Statement."
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Form Name: 1098
Date Available: Postmarked no later than Jan. 31
How the form will be received:
- Members enrolled in eDocuments will receive their form by logging into online banking for their account with the equity loan.
- Members who are not enrolled in eDocuments will receive their form by mail to the address on file for their account with the loan.
- To enroll in eDocuments, log in to online banking and click on the "Accounts" tab, and then select "Statements & Documents."
- As an additional level of identity theft protection, only the last four digits of Social Security Numbers will be displayed on 1098 forms.
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Interest paid on FHAP Guaranteed Loans
Form Name: 1098
Date Available: Postmarked no later than Jan. 31
How the form will be received:
Members will receive their form by mail to the address on file for the mortgage loan account. This form is not available online.
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Distributions made from IRAs and HSAs
Form Name:
- 1099-R for Traditional and Roth Individual Retirement Accounts (IRAs)
- 1099-Q for Coverdell Education Savings Accounts (ESAs)
- 1099-SA for Health Savings Accounts (HSA)
Date Available: Postmarked no later than Jan. 31
How the form will be received:
Members will receive their form by mail to the address on file for the tax-deferred account. These forms are not available online.
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Contributions made to IRAs and HSAs
Form Name:
- 5498 for Traditional and Roth Individual Retirement Accounts (IRAs)
- 5498-ESA for Coverdell Education Savings Accounts (ESAs)
- 5498-SA for Health Savings Accounts (HSAs)
Date Available: Postmarked no later than Apr. 30 (Form 5498-ESA) and May 31 (Forms 5498 and 5498-SA)
How the form will be received:
Members will receive their form by mail to the address on file for the tax-deferred account. These forms are not available online.
Prior Year HSA and IRA Contributions
Prior year IRA contributions must be done in person or through a DocuSign form. Prior year HSA contributions must be done in person, through a DocuSign form, or through the Secure Forms feature in digital banking. The last day to make prior year IRA or HSA contributions is Tax Day: April 15, 2025. IRA contributions and withdrawals must be accompanied by a signature.
Get your refund faster
Get your tax refund the fastest and most secure way possible with direct deposit. To set up direct deposit, you will need the Elevations routing number (307074580) and your 13-digit account number. You can find your account number at the bottom of your checks or in online banking. To find the number in online banking, log in to your account and select the appropriate checking account. Select "Details" to view the account number (this is your account number). If you have questions, we’re here to help. Please contact us.
Commonly Asked Questions
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Verify that your total dividend income was $10 or greater. Your dividends earned on each account can be viewed on your December account statement. You will not receive a 1099-INT when the dividends earned for a given Tax Identification Number are less than $10. If you are enrolled in eDocuments and earned $10 or more in dividends, please log in to online banking and select the “Accounts” tab, and then select "Statements & Documents."
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If you did not have any distributions from your IRA/HSA, you would not receive a 1099-R/Q/SA form.
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In most cases, you will owe income taxes when you withdraw from your Traditional IRA. If you make nondeductible contributions to a Traditional IRA, a portion of each withdrawal will be treated as the nontaxable return of these contributions. Please consult a tax advisor.
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Contributions may be deductible based on your retirement plan coverage, filing status, and income. To be sure, it is best to consult a tax advisor.
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No. Coverdell ESA contributions are not tax deductible.
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Generally, if they were made by your employer, you cannot deduct these contributions. If you made the contributions as a self-employed person, they may be deductible. Consult a tax advisor.
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No. In this situation, the other financial institution will provide you with the 1099-R/1099-Q Tax Form(s). You may receive 1099-R/1099-Q Tax Form(s) for other withdrawals made from your IRA at Elevations Credit Union.
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A 1099-C reports cancellation of debt by collections. This form will show the date of cancellation and the amount. The IRS requires that the forms are postmarked no later than Jan. 31.
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A copy of your tax bill is sent to us automatically, so you do not need to send in a copy.
How can we help you?
Give us a call at (800) 429-7626 | Routing #307074580