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Tax FAQ

Get answers about forms, filing and more. To start filing with TurboTax, visit USAA Tax Center.

General information

Yes. We report certain tax information to the states and the District of Columbia. The IRS provides information for states that participate in combined federal and state tax filing.

If they don’t participate, some states require direct reporting of the information. We report that information according to each state's laws and regulations.

TurboTax

When you’re ready to start your return, go to usaa.com, then file with TurboTax (Opens in New Window). You can also access TurboTax through our Tax Center. We’ll apply your discount when you submit your completed return to the IRS.

If you used TurboTax through usaa.com and didn't receive your discount, contact TurboTax for help.

Form 1099

You’ll receive IRS Form 1099-C if a financial entity, such as a creditor, has written off $600 or more in debt through cancellation or forgiveness.

Some exceptions may apply, such as bankruptcy and insolvency. Reach out to a tax advisor if you're not sure what to do.

Form 5498

You may have received a Form 5498 because you made a regular or rollover contribution to an IRA. This includes:

  • Moving funds from a traditional IRA to a Roth IRA and vice versa through an IRA conversion.
  • Moving previous contributions from a traditional IRA to a Roth IRA and vice versa through an IRA recharacterization of contributions.
  • Making a regular or rollover contribution to a Simplified Employee Pension, or SEP IRA, or a traditional or Roth IRA.

Life insurance and annuities documents

To find a PDF of USAA Life Company tax forms, go to "My Documents." If you've elected to receive tax forms by mail, you'll get them through the U.S Postal Service. For more details on when tax documents will be available, refer to our Tax Center.