What Apple sends you for taxes

Apple Savings Account is a high-yield savings product offered through Goldman Sachs. If you earn interest on money held in the account, you'll receive a Form 1099-INT from Goldman Sachs (not from Apple) by January 31st each year. This form reports the interest income you earned during the previous calendar year.

You do not receive a 1099 for deposits, withdrawals, or transfers — only for interest paid into the account. If your account earned less than $10 in interest during the year, Goldman Sachs may not be required to send a form, but you still owe tax on that income and should report it on your return.

Apple itself does not issue tax documents. All tax reporting comes from Goldman Sachs, the bank partner that actually holds and manages the account.

Key Takeaways

  • Goldman Sachs sends your 1099-INT form by January 31st each year if you earned interest on your Apple Savings Account balance.
  • The form reports only interest income, not the principal you deposited or any transfers you made.
  • You can download your 1099-INT from your Apple Wallet, from Goldman Sachs' website, or request it by mail if it doesn't arrive by early February.
  • If you earned less than $10 in interest, you may not receive a form, but you still must report the income on your tax return.
  • Keep your 1099-INT with your tax records even if you file electronically.

How to find your 1099-INT in Apple Wallet

The easiest way to get your tax document is through the Apple Wallet app on your iPhone or iPad. Open Wallet, tap your Apple Savings Account card, then scroll down and look for a section labeled "Tax Documents" or "Year-End Statements." Tap it to view and download your 1099-INT as a PDF.

This option is usually available starting in late January. If you don't see the option yet, check back in a few days — Goldman Sachs typically makes documents available by January 31st, though some accounts may see them a few days earlier.

Once you download the PDF, save it to your computer or cloud storage. You'll need it when you file your tax return, and the IRS may ask to see it if they question your reported income.

Getting your 1099-INT from Goldman Sachs directly

If you prefer to retrieve the document outside of Apple Wallet, you can log into your Goldman Sachs account online. Visit the Goldman Sachs website, sign in with your credentials, and navigate to your account statements or documents section. Your 1099-INT should be available there as a downloadable PDF by January 31st.

You can also call Goldman Sachs customer service at the number on the back of your savings account card or in your Apple Wallet. A representative can confirm whether your 1099-INT has been issued and can email or mail it to you if you're having trouble accessing it online.

If you don't receive your 1099-INT by February 15th, contact Goldman Sachs immediately. The IRS requires the form to be sent by January 31st, and if it's late, Goldman Sachs may face penalties — but you still need the document to file your return accurately.

What to do if your 1099-INT doesn't arrive

Check your email first, including spam and promotions folders. Goldman Sachs may send a notification that your tax document is ready to download, and that email can get filtered. If you find the notification, follow the link to retrieve your form.

If you've checked Apple Wallet and Goldman Sachs' website and still don't see the form by mid-February, call Goldman Sachs directly. Have your account number and Social Security number ready. Ask them to verify that the form was issued and to resend it by email or mail.

If Goldman Sachs confirms the form was sent but you still can't locate it, ask them to issue a duplicate. This is a standard request and takes a few business days. Do not file your tax return without your 1099-INT — the IRS will receive a copy from Goldman Sachs, and mismatched numbers can trigger an audit notice.

Understanding the numbers on your 1099-INT

Your 1099-INT will show interest income in Box 1. This is the amount you earned on your Apple Savings Account balance during the calendar year. The form also includes your name, address, and Social Security number, along with Goldman Sachs' tax ID number.

The interest amount on your 1099-INT should match the year-to-date interest shown in your Apple Wallet account summary. If it doesn't, contact Goldman Sachs to ask why. Sometimes interest is posted on a different date than it's reported for tax purposes, but the annual total should be correct.

You'll report this amount on Schedule B (Interest and Ordinary Dividends) of your Form 1040 federal tax return, or on your state return if your state requires it. If you use tax software, it will usually prompt you to enter this information.

Keeping records for the IRS

Save your 1099-INT for at least three years after you file your return. The IRS can audit tax returns going back three years in most cases, and you'll need to show the original form if they question your reported interest income.

Store the PDF on your computer, in cloud storage, or print a paper copy and file it with your tax return documents. If you file electronically, you don't mail the 1099-INT to the IRS, but you must keep it for your records.

If you close your Apple Savings Account, you'll still receive a 1099-INT for that year if you earned any interest before closing it. The form will be issued to the address on file with Goldman Sachs, so update your contact information if you move.

Frequently Asked Questions

Do I need to report interest if I earned less than $10?

Yes. Even if Goldman Sachs doesn't send you a 1099-INT because your interest was under $10, you still owe tax on that income. Report it on Schedule B of your Form 1040. The IRS tracks all interest-bearing accounts, and underreporting can result in penalties.

What if I opened the account partway through the year?

Your 1099-INT will show only the interest you earned from the date you opened the account through December 31st. If you opened it in June, for example, you'll see six months of interest, not a full year's worth.

Can I get my 1099-INT before January 31st?

Sometimes yes, sometimes no. Goldman Sachs may make documents available a few days early, but January 31st is the official deadline. Check your Apple Wallet starting in mid-January, but don't expect it before then.

What if I lost my 1099-INT after I filed my return?

You can request a duplicate from Goldman Sachs at any time. Call the number on your savings account card or log into your Goldman Sachs account online and download it again. The IRS has a copy on file, so you're not at risk if you need to retrieve it later.

Do I report Apple Savings Account interest differently than interest from a regular savings account?

No. Interest from an Apple Savings Account is reported the same way as interest from any other bank savings account — on Schedule B of your Form 1040. The source doesn't matter to the IRS, only the total amount of interest income you earned.