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Tax Forms For Closed Out CD's

Sevenpercent
  |     |   17 posts since 2015

Those of you that have only a CD account with a bank that supplies electronic tax forms:  Once the CD matures and funds are transferred out of said bank (not reinvesting, no more active accounts with bank), do they mail you the tax forms?  Can you still log in, even though you no longer have accounts with them, just to get the last tax forms?

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Answers
Shorebreak
  |     |   4,039 posts since 2010
The 1099-INT deadline due to the recipient is Feb 1, 2016. You will receive the form by mail from the bank if you no longer have an active account. Some banks will allow you to log in to your former account and some won't. Call the bank and inquire.
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paoli2
  |     |   2,641 posts since 2011
I would think they would still have to mail you a copy of the 1099-INT even tho they provide electronic tax forms.  I always opt in for paper forms just to make sure I don't miss out on any forms or info I need especially for the reason concerning the account may have been closed.  I always want access to my account information online for checking while the account is active but I still want my paper statements etc.
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