Apple Savings Account Does Not Issue a 1099

Apple Savings Account, run through Goldman Sachs, does not send you a 1099 form. Instead, you will receive a 1099-INT (Interest Income) if your account earned more than $10 in interest during the tax year. This is the standard form for any savings account interest, whether held at Apple, a traditional bank, or an online lender.

The $10 threshold is set by the IRS and applies across all financial institutions. If you earned $10 or less in interest, the bank is not required to issue the form, but you still owe tax on that interest. You will need to report it yourself on your tax return.

Goldman Sachs, the bank partner behind Apple Savings Account, is responsible for sending the 1099-INT to you and to the IRS. You cannot request a 1099 from Apple directly — Apple does not handle tax reporting for the account.

Key Takeaways

  • Apple Savings Account sends a 1099-INT (not a 1099) for interest earned over $10 in a calendar year.
  • Goldman Sachs, the underlying bank, issues and mails the form — not Apple.
  • The 1099-INT arrives by January 31 of the year following the tax year in which you earned the interest.
  • If you earned $10 or less, no form is issued, but you must still report the interest on your tax return.
  • You can download a copy of your 1099-INT from your Apple Savings Account dashboard or request it from Goldman Sachs if the mailed copy is lost.

When You Will Receive Your 1099-INT

Goldman Sachs mails 1099-INT forms by January 31 of the year after the tax year ends. For interest earned during 2024, you should receive the form by January 31, 2025. The form shows the total interest paid to your account during that calendar year.

The IRS also receives a copy of your 1099-INT at the same time. This means the IRS already knows how much interest you earned, so you must report it on your tax return even if you do not receive the physical form in the mail.

If you have not received your 1099-INT by early February, check your Apple Savings Account dashboard first — many banks now make the form available online before mailing the paper copy.

How to Find Your 1099-INT Online

Log into your Apple Savings Account through the Wallet app on your iPhone or iPad. Tap the Apple Savings Account card, then look for a section labeled "Documents," "Tax Documents," or "1099." The exact label varies depending on your app version, but it will be grouped with other account statements and records.

Once you locate the 1099-INT, you can view it on screen, download it as a PDF, or request that Apple or Goldman Sachs email you a copy. Downloading the PDF is the safest option — save it to your computer and back it up in case you need it later for tax filing or record-keeping.

If you cannot find the document in the app, sign into your Goldman Sachs online banking portal directly. Some account holders find the tax documents section easier to navigate there than through the Apple Wallet interface.

What to Do If You Do Not Receive Your 1099-INT

If January 31 has passed and you have not received the form by mail or found it online, contact Goldman Sachs customer service. You can reach them through the Apple Savings Account app or by calling the number on the back of your linked debit card. Have your account number ready.

Tell them you are looking for your 1099-INT for the prior tax year. They can confirm whether the form was mailed, resend it, or email you a replacement copy. This usually takes one to three business days.

If you are filing your taxes before the replacement arrives, you can file using the interest amount shown in your account statements. The IRS has already received Goldman Sachs' copy of your 1099-INT, so filing with the correct interest amount protects you even if the physical form is delayed.

Reporting Apple Savings Account Interest on Your Tax Return

Report the interest shown on your 1099-INT on Schedule B (Interest and Ordinary Dividends) if you are filing Form 1040. If your total interest and dividends are $1,500 or less, you may be able to report it directly on Form 1040 without filing Schedule B — check the current year's instructions.

Enter the name "Goldman Sachs Bank USA" or "Apple Savings Account" as the payer, and the interest amount from your 1099-INT. The IRS matches this against the copy Goldman Sachs filed, so the numbers must match exactly.

If you earned interest but did not receive a 1099-INT because it was under $10, you still report it on Schedule B using the amount from your account statements. The IRS does not require a form for small amounts, but you are still required to report the income.

Understanding the Difference Between 1099 and 1099-INT

A 1099 is a broad category of tax forms used to report income that is not wages. A 1099-INT is a specific type of 1099 used only for interest income. Other common 1099 forms include the 1099-NEC (self-employment income), 1099-MISC (miscellaneous income), and 1099-DIV (dividend income).

When someone asks for "your 1099," they usually mean whichever 1099 form applies to your situation. For a savings account, that is always the 1099-INT. You will not receive any other 1099 form from Apple Savings Account unless you also have other types of income through Goldman Sachs or Apple.

The form itself is simple: it shows your account number, the total interest paid, and the tax year it covers. There are no deductions or adjustments on a 1099-INT — you report the full amount as taxable income.

Keeping Records of Your 1099-INT

Save your 1099-INT with your tax return and supporting documents for at least three years. The IRS can audit returns going back three years in most cases, and having the original form protects you if questions arise.

Store the PDF on your computer and back it up to cloud storage (Google Drive, OneDrive, iCloud). If you receive a paper copy by mail, scan it and store the scan alongside the digital version. This way you have a copy even if the original is lost or damaged.

If you file your taxes electronically, your tax software will ask you to enter the interest amount from your 1099-INT. Double-check that the number you enter matches the form exactly — mismatches can trigger IRS notices even if the error is small.

Frequently Asked Questions

Do I have to report Apple Savings Account interest if I earned less than $10?

Yes. The $10 threshold only determines whether Goldman Sachs must send you a 1099-INT form. You are still required to report all interest income on your tax return, even amounts under $10. Use the interest amount shown in your account statements.

Can I get a 1099 from Apple instead of Goldman Sachs?

No. Apple does not issue tax forms for the Savings Account. Goldman Sachs is the bank that holds the account and reports the interest to the IRS. All requests for the 1099-INT must go to Goldman Sachs, either through the Apple Wallet app or by contacting Goldman Sachs directly.

What if my 1099-INT shows the wrong amount of interest?

Contact Goldman Sachs immediately with the discrepancy. They can review your account and issue a corrected form (called an amended 1099-INT) if an error is found. Keep records of all your account statements to verify the correct amount.

Do I need to attach my 1099-INT to my tax return?

No. You report the information from your 1099-INT on your tax return, but you do not attach the form itself. Keep it with your records in case the IRS asks about it later. If you file electronically, your tax software records that you reported the income.