Tax Forms

Tax forms for dividends earned on accounts and U.S. Savings Bonds

Form Name: 1099-INT
Date Available: By January 31st

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 IRAsESAs 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, login to online banking and click on the “eDocuments” tab.

As an additional level of identity theft protection only the last 4 digits of SSN's will be on 1099 INT's.


Tax forms for dividends earned on accounts for Non-Resident Aliens

Form Name: 1042-S
Date Available: By January 31st

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 IRAsESAs 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, login to online banking and click on the "eDocuments" tab.


Tax forms for interest paid on Mortgages

Form Name: 1098
Date Available: By January 31st

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.


Tax forms for interest paid on home equity lines of credit (HELOC) and home equity loans

Form Name: 1098
Date Available: By January 31st

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 equity loan.

To enroll in eDocuments, login to online banking and click on the "eDocuments" tab.

As an additional level of identity theft protection only the last 4 digits of SSN's will be on 1098's



Tax forms for interest paid on FHAP Guaranteed Loans

Form Name: 1098
Date Available: By January 31st

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.



Tax forms for distributions made from tax-deferred accounts

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 (HSAs)

Date Available: By January 31st

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.




Tax forms for distributions made to tax-deferred accounts

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: 5498 by May 31st; 5498-ESA by April 30th; 5498-SA by May 31st

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.