Tax form information
5498 – IRA Contribution and 5498 ESA - Please note Excite CU will be sending your 2023 IRA Tax Form 5498 – IRA Contribution and 5498 ESA in late April. The form will be sent either electronically if you are enrolled in eStatements or mailed to you if you receive paper statements. This form is informational only and sent out each year before the end of May to you and the IRS to inform you and them of your prior year IRA Contributions.
IRA Annual Statement information
Your 2023 Annual IRA Statement will also be available electronically on Thursday, 1/18/24 and begin arriving by mail the week of 1/22/24. Please note that if you are or will be turning age 73 in 2024 your Required Minimum Distributions (RMD) will be disclosed on your Annual IRA Statement. Your IRA Annual Statement will contain the Fair Market Value of your IRA.
To view your statement electronically log in and select Additional Services in Online Banking and More in Mobile Banking, then select eDocuments > Annual IRA Statements. Your statement will appear under the Annual IRA Statement tab.
Property taxes paid from escrow on a mortgage loan:
You can find the amount of property tax paid from escrow in box 10 of the IRS Form 1098*. The amount is also located in online banking. From the accounts page, click on your mortgage loan, then click the expansion button for account details. The amount will be listed as escrow taxes.
*The amount stated on your 1098 form may not be ALL property tax you paid during the year; it is the amount paid from the stated escrow account. Confirm with your local tax collector the total amount of property tax paid.