BECU Tax Statements FAQ
Tax statements are mailed or delivered electronically no later than Jan. 31. We have compiled answers to frequently asked questions about BECU tax statements to provide support as you prepare to file this year.
How will I receive my tax statement?
If you are enrolled in eStatements, you are automatically opted in to receive electronic tax statements. You can access your tax statement after logging in to Online Banking by clicking “View Tax Statements” on the right side of the screen. You can enroll in eStatements at any time to gain access to your electronic tax statements.
If you are not enrolled in eStatements, you will receive a paper tax statement in the mail. Paper statements are mailed by Jan. 31.
If I am enrolled in eStatements, can I request a paper statement as well?
You can print your tax statement from Online Banking if you need a hard copy. You also have the option to call us at 800-233-2328 and request a printed tax statement to be mailed to you, or you can request a printed copy at any BECU location. To find a location near you, visit our Locations page.
I do not see my tax statement in Online Banking.
If your electronic tax statement is not available after January 31, try refreshing your browser a few times. If it is still not available, navigate to the Account Services tab in Online Banking and click eStatements to confirm that you are signed up to receive statements electronically.
I have deposit accounts with BECU. Will I receive a form 1099-INT?
You will receive a Form 1099-INT if the aggregated interest for all applicable accounts is $10 or more. We will issue one tax statement for all accounts that use the same Social Security number or Tax Identification Number. The total interest for all accounts is reported in Box 1 on the form.
As required by the IRS, only one account number is displayed in the account number box on the form. For your reference, the interest each account accrued during the year is listed at the bottom of the form.
You will not receive a Form 1099-INT if your deposit accounts did not earn $10 or more in interest during that tax year.
I have a BECU home equity line of credit (HELOC) and/or mortgage account. Will I receive a form 1098?
The IRS requires that BECU issue a Form 1098 if interest aggregated for all applicable accounts is $600 or greater. If you did not pay $600 or more in interest on your HELOC or mortgage in 2022, you will not receive a 1098 form.
Members who paid $600 or more in interest toward a HELOC will receive 1098 tax forms in Online Banking (if enrolled), or through U.S. mail. For BECU mortgages, 1098 tax forms will be sent by U.S. mail.
I have an auto, boat or RV loan with BECU. Will I receive a tax statement?
BECU will not issue a Form 1098 for interest paid on auto, boat or RV loans, even if the vehicle is used as a primary residence.
I took distributions from my individual retirement account (IRA). Will I receive a tax statement?
If you received more than $10 in IRA account distributions (traditional, Roth, or SEP), you will receive a Form 1099-R. We will not issue a Form 1099-R when funds were transferred from one IRA account to another within the same IRA plan, or when funds are directly transferred from a BECU IRA to an IRA at another financial institution because these are considered non-reportable transactions.
I am a joint account holder on a consumer account. Can I access the account tax statement in Online Banking?
Only the primary account holder can access electronic tax statements in Online Banking. For consumer accounts, only the primary account holder can request to enroll or unenroll in eStatements, which also includes tax statements.
Who can access a business's BECU account tax statements?
For business, club or trust accounts, any authorized signer for the business can enroll or unenroll in eStatements, which also includes tax statements. After one authorized signer has enrolled the business accounts in eStatements, other authorized signers will be able to access all available electronic monthly statements and tax statements.1
I have consumer and business accounts with BECU. Why is the tax form in my name only and not the name of my business?
The IRS regulatory requirement states that a tax ID (SSN, ITIN or EIN) can only have one name associated with it. For this reason, consumer, business and organization accounts using the same tax ID are all reported under that member's name.
My tax statement is incorrect. How can I get a corrected statement?
If you think your tax statement is incorrect, please call 800-233-2328 or send a secure Message in Online Banking or the mobile app to request a corrected statement.
I moved but I have not yet updated my address with BECU. Will I still receive my paper tax statement in the mail?
If you are not enrolled in eStatements, we will send a paper tax statement to the mailing address associated with your account. The U.S. Postal Service will forward tax forms if a forward order is on file.
Can I access my BECU tax statements from previous years in Online Banking?
Yes, you can access any BECU tax statements issued for your accounts from 2018 to the current tax year. To access your available tax statements in Online Banking, click "View Tax Statements" on the right side of the screen. '
Tax statements issued for 2017 or earlier are not available online. If you need a copy of a tax statement that is not available in Online Banking, you can call us at 800-233-2328 and request a printed tax statement be mailed to you. You can also request a printed copy at any BECU location. To find a location near you, visit our Locations page.
What is BECU's Tax ID information?
BECU's Tax ID number is 91-0219435.
Need more information to help you prepare for tax season? Visit the BECU Tax Center.