Where do I find the interest I was paid in 2023?
I need to know how much interest I was paid for the entire year of 2023. Where do I find this information for the Apple Savings Account?
iPhone 13, iOS 17
I need to know how much interest I was paid for the entire year of 2023. Where do I find this information for the Apple Savings Account?
iPhone 13, iOS 17
In the Savings Account documents. Please follow the path below.
iPhone > Wallet app > Apple Card > Savings Account > More Button > Documents > Tax Documents. If no form is there, you didn’t earn enough to have to report it.
In the Savings Account documents. Please follow the path below.
iPhone > Wallet app > Apple Card > Savings Account > More Button > Documents > Tax Documents. If no form is there, you didn’t earn enough to have to report it.
That's not correct.
I am not a tax professional or giving any tax advice but, If you received any amount of interest, you usually have to pay taxes on it even if you don't get a tax document for it. See first paragraph here: https://www.irs.gov/taxtopics/tc403
BTW, the December 2023 monthly statement has the YTD interest amount.
“Interest on bonds, mutual funds, CDs, and demand deposits of $10 or more is taxable.”
My link was from the IRS. You know, the final word on taxes.
"You must report all taxable and tax-exempt interest on your federal
income tax return, even if you don't receive a Form 1099-INT or Form
1099-OID."
Yes, and if it’s under $10, it’s not taxable. We are both correct, just looking at it from different perspectives.
Where do I find the interest I was paid in 2023?