When You’ll Receive Tax Forms
Most ICCU tax forms are mailed and posted online by January 31 each year. If January 31 falls on a weekend or holiday, forms will be delivered the next business day.
Some forms, such as 5498 series forms, are issued later in the year because they reflect contributions that can be made up until the tax filing deadline.
ICCU provides tax forms based on IRS requirements for your accounts. If you didn’t meet IRS requirements for a specific form, one won’t be generated. If you believe a required form is missing, please contact us. We’re happy to help.
How to Access Your Tax Forms
Online Banking (eBranch) & Mobile App
Many tax forms are available electronically by January 31 each year. To access yours:
- Log in to eBranch or the Mobile App
- Select “Tools & Services” > “eDocuments”
- Then select “Tax Forms” to see your list of available tax forms
If a form isn’t listed, it may not have been required based on your account activity.
Year-End Statements for Interest Paid
Auto loans do not generate IRS tax forms. However, members often need interest-paid totals for tax preparation.
Your December year-end statement includes:
- Year-to-Date (YTD) interest paid
- Loan account details
To access your statements:
- Log in to eBranch or the Mobile App
- Select “Tools & Services” > “eDocuments”
- Then select “Statements” to see a list of available statements
Common ICCU Tax Forms
Here are the most common tax forms that are available from ICCU by January 31 each year.
- Form 1098 – Mortgage Interest Statement
- Form 1099-INT – Interest Income
- Form 1099-R – Retirement Account Distributions
- Form 1099-Q – Education Savings Distributions
- Form 1099-SA – Health Savings Account Distributions
- Form 5498 Series – Contributions & Fair Market Value
- Form 1099-B – Crypto Tax Forms
Form 1098 – Mortgage Interest Statement
You’ll receive a 1098 if you paid more than $600 in interest and late fees on an ICCU mortgage or HELOC during the year.
Your 1098 will show:
- Total mortgage or HELOC interest paid
- Eligible late fees
- Outstanding mortgage principal at the start of the tax year
You’ll receive a separate 1098 for each eligible loan number.
Form 1099-INT – Interest Income
You’ll receive a 1099-INT if you earned $10 or more in interest across ICCU deposit accounts such as:
- Savings
- CDs
- Money Market accounts
- Medical Savings Accounts
This form also includes any earlywithdrawal penalties from CDs.
Examples:
- If only one of your accounts earned $10 or more in interest, you’ll receive a 1099-INT for that account.
- IRA, Roth IRA, and Coverdell CDs do not generate 1099-INT forms.
You may also receive a 1099-INT if:
- You redeemed bonds
- You received promotional bonus money
- You had federal tax withholding, even if interest earned was under $10
Form 1099-R – Retirement Account Distributions
Issued by January 31, this form reports distributions from:
- Traditional IRAs
- Roth IRAs
- SEP IRAs
Form 1099-Q – Education Savings Distributions
Also issued by January 31, this form reports distributions from Coverdell Education Savings Accounts (ESA).
Form 1099-SA – Health Savings Account Distributions
You’ll receive this form if you took distributions from your Health Savings Account (HSA).
Form 5498 Series – Contributions & Fair Market Value
These forms are issued after the tax filing deadline to allow for prior year contributions.
- 5498 – IRA contributions and yearend fair market value
- 5498-ESA – ESA contributions (issued by April 30)
- 5498-SA – HSA contributions (issued by May 31)
Note: These forms are not required to file your taxes. They confirm information you file with the IRS.
Form 1099-B – Crypto Tax Forms
If you purchased and sold bitcoin through ICCU’s former Crypto widget, you may receive a 1099-B for the year you sold cryptocurrency. If you need prior year copies after the crypto service was discontinued, please contact us.
Didn’t Receive a Form?
Here are the common reasons:
- Your account didn’t meet IRS reporting thresholds
- The form type isn’t required for your specific account
- You’re not the taxreported owner on the account
If you believe a form is missing in error, our team can help research and resolve it.
We’re Here to Help
Tax forms can be confusing, but accessing yours shouldn’t be. If you have questions or need help locating a form, visit your nearest branch, send us a secure message in eBranch, or give us a call.
At ICCU, your financial success is our mission. Let us know how we can support you this tax season.
Frequently Asked Questions
When will my ICCU tax forms be available online?
Most ICCU tax forms are available by January 31. Forms that depend on year‑end contributions, such as the 5498 series, are available after the tax filing deadline.
Will I get a tax form in the mail, online, or both?
If a form is required, ICCU will mail it and also post it online, when applicable. If you are enrolled in paperless statements, many forms will be available digitally.
Why is my tax form not showing in eBranch or the Mobile App?
You may not have met IRS reporting requirements for that form. If you believe you should have received one, ICCU can help review your account.
Why didn’t I get a 1098 for my mortgage or HELOC?
A 1098 is only issued if you paid more than $600 in interest and eligible late fees for that loan during the year.
Why did I receive a 1099‑INT even though I earned less than 10 dollars of interest?
A 1099‑INT is still issued when federal tax withholding occurred on your account.
Why did I not get a 1099‑INT for my IRA or Coverdell CD?
These account types do not generate 1099‑INT forms.
Do I need my 5498 to file my taxes?
No. The 5498 confirms contributions and fair market values and is issued after the tax filing deadline. It does not need to be included with your return.
Why did I get a 1099‑R and a 5498 for my IRA rollover?
You receive a 1099‑R for the distribution portion and a 5498 showing that the funds were deposited as a rollover.
Can I get a tax form for my auto loan interest?
Auto loans do not generate IRS tax forms. You can use your December year‑end statement to find your interest paid for tax preparation.
Where do I find my 1099‑B for crypto if the crypto widget is no longer available?
If the form is not available in the Mobile App, contact ICCU and we will help retrieve it.