Apple Savings Tax documents
Hello, have a question:
would Apple generate and send a W2 form (as typically happens at end of the year) for folks who have an Apple savings account?
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Hello, have a question:
would Apple generate and send a W2 form (as typically happens at end of the year) for folks who have an Apple savings account?
They are required by law to send a 1099-INT if the interest earned is $10 or more.
A W2 is for wages, a 1099-INT is somewhat similar but is for interest income.
Also see: https://www.irs.gov/forms-pubs/about-form-1099-int
Yes, you’ll receive a 1099 IRS form that shows the interest earned on your Apple Savings account from Goldman Sachs Bank. This will occur on an annual basis as long as your savings account remains in good standing.
Apple Savings Tax documents