Locating tax information for your savings accounts or certificates of deposit (CDs) is a critical step in the annual tax filing process. For Marcus by Goldman Sachs customers, the primary document needed is Form 1099-INT, which reports the interest income earned throughout the previous calendar year.

To find your 1099 data quickly, log in to your account at the Marcus website or via the Marcus mobile app, navigate to the "Documents" section, and select the tax year you need. While Marcus typically mails physical copies by January 31, the digital version is often available sooner and serves as the most reliable source for your tax preparation.

Accessing Your 1099 Forms Through the Marcus Web Portal

The most comprehensive way to manage and download your financial documents is through the official Marcus website. The desktop interface allows for a clearer view of multiple accounts and makes it easier to save PDF files directly to your secure tax folders.

Step 1: Secure Login

Begin by navigating to the official Marcus website using a secure browser. Enter your username and password. Because tax documents contain sensitive information like your Social Security Number (SSN), Marcus often requires multi-factor authentication (MFA). Ensure you have your mobile device nearby to enter the verification code sent via SMS or through the app.

Step 2: The Dashboard Navigation

Once you are logged in, you will be greeted by the main account dashboard. This page provides an overview of your High-Yield Savings Accounts (HYSA) and any active CDs. To find tax forms, look at the top navigation bar. There is a specific tab labeled "Documents." Click on this to enter the central repository for all your statements and tax-related files.

Step 3: Filtering for Tax Documents

Within the Documents section, you will see various categories, such as "Monthly Statements," "Account Agreements," and "Tax Forms." Click on the "Tax Forms" filter. This will narrow down the list to only show the annual reports submitted to the IRS.

Step 4: Selecting the Correct Tax Year

Financial institutions generate 1099 forms based on the calendar year interest was paid. If you are filing taxes in early 2025, you will need the forms for the 2024 tax year. Marcus typically archives these documents for up to seven years, allowing you to access historical data if you need to amend a previous return.

Step 5: Download and Save

Click the download icon or the link for the specific form (e.g., "2024 Form 1099-INT"). The document will open as a PDF. It is highly recommended to save this file with a clear naming convention, such as Marcus_1099_2024.pdf, and to print a physical backup for your records.

Finding Tax Documents in the Marcus Mobile App

For users who prefer managing their finances on the go, the Marcus mobile app provides a streamlined path to your 1099 data. The app is available on both iOS and Android platforms and offers the same level of security as the desktop site.

Navigating the App Interface

  1. Open the Marcus app and authenticate using biometric login (FaceID/Fingerprint) or your passcode.
  2. Tap on the "Account" or "Profile" icon, usually located in the bottom navigation bar or the top corner.
  3. Look for the menu item labeled "Documents & Statements."
  4. Within this menu, select "Tax Forms."
  5. Tap on the relevant year. The app will generate a preview of the PDF.
  6. Use the "Share" or "Export" function to save the document to your phone’s file system or send it to a secure cloud storage service.

When Does Marcus Release 1099 Forms?

Timing is everything during tax season. Per IRS regulations, financial institutions are required to send out 1099-INT forms to account holders by January 31 of each year.

However, digital availability usually precedes physical mail. Most Marcus customers can expect to see their digital 1099 forms appearing in the "Documents" section between mid-January and the end of the month. If you have opted for paperless delivery, you will receive an email notification the moment the form is ready for download.

If you still receive paper statements, the physical document may take an additional 5 to 10 business days to arrive via the U.S. Postal Service after the January 31 mailing deadline.

Understanding the $10 Minimum Interest Rule

One of the most common reasons a customer cannot find their 1099-INT form is the IRS "de minimis" rule. Marcus, like all banks, is only required to issue a Form 1099-INT if the total interest paid to a specific Social Security Number or Taxpayer Identification Number (TIN) is $10 or more during the tax year.

If you earned only $9.50 in interest across all your Marcus accounts, the bank will not generate a formal 1099-INT. However, it is important to note that the IRS still considers this $9.50 to be taxable income. In this scenario, you should refer to your December monthly statement or your annual account summary to find the exact "Year-to-Date Interest Paid" figure and report it manually on your tax return.

The Difference Between 1099-INT and 1099-Composite

Marcus by Goldman Sachs often simplifies reporting for customers who hold multiple products. Depending on your account structure, you might see one of two types of forms:

Form 1099-INT

This is the standard form used for a single savings account or a single CD. It lists the interest income earned, any federal or state tax withheld (usually zero for most domestic accounts), and any early withdrawal penalties you may have paid on a CD.

1099-Composite (Consolidated Tax Statement)

If you have multiple high-yield savings accounts or a mix of savings and CDs under the same primary ownership, Marcus may issue a Consolidated 1099. Instead of receiving five separate 1099-INT forms, all your interest income is aggregated into one document. This makes it much easier to enter the data into tax software, as you only have one "Goldman Sachs Bank USA" entry to create.

Decoding the Data on Your Marcus 1099

When you open your document, you will see several boxes that correspond to specific lines on your IRS Form 1040. Understanding these values ensures you don't make errors during data entry.

  • Box 1 (Interest Income): This is the most important number. it represents the total interest credited to your account(s) during the year. This includes interest on savings and interest earned on CDs.
  • Box 2 (Early Withdrawal Penalty): If you closed a Marcus CD before its maturity date, you likely paid a penalty (e.g., 90 or 180 days of interest). This amount is deductible, and reporting it correctly can lower your adjusted gross income.
  • Box 4 (Federal Income Tax Withheld): For most U.S. citizens, this will be blank or zero. It is only populated if you are subject to "backup withholding" due to previous IRS notices.

Security Best Practices for Handling Tax Data

Your 1099 form is a high-value target for identity thieves because it contains your full name, address, SSN, and account details. When downloading and storing this data from Marcus, follow these safety protocols:

  1. Avoid Public Wi-Fi: Never download tax documents while connected to a public hotspot (like those in coffee shops or airports). Use a secure, password-protected home network or a VPN.
  2. Encrypted Storage: If you save the PDF to your computer, ensure your drive is encrypted (e.g., using BitLocker or FileVault). Alternatively, store the file in a password-protected folder.
  3. Secure Disposal: If you print the 1099 to use during tax prep and later decide you don't need the paper copy, always shred it. Never throw intact tax documents in the trash.
  4. Verify the Sender: If you receive an email claiming your tax forms are ready, do not click links within the email. Instead, go directly to marcus.com in your browser to log in. This protects you from phishing attempts.

How to Import Marcus 1099 Data into Tax Software

While Marcus does not currently support direct CSV exports for transactions, many popular tax preparation platforms (such as TurboTax, H&R Block, and TaxAct) have partnerships with Goldman Sachs Bank USA to allow for direct import of 1099 data.

Using the Direct Import Feature

  1. Within your tax software, search for "Goldman Sachs" or "Marcus" when prompted to add interest income.
  2. The software will ask for your Marcus login credentials.
  3. Once authenticated, the software will automatically pull the Box 1 and Box 2 data from your digital 1099 and place it into the correct fields of your return.

This method is highly recommended as it eliminates manual entry errors. If the automated import fails, you will need to manually type in the figures from the PDF you downloaded earlier.

What to Do if Your 1099 Data is Incorrect

Errors on tax forms are rare but can happen. Common issues include an incorrect SSN, a misspelled name, or a discrepancy in the interest total.

If you find an error:

  1. Double-Check Your Statements: Compare the 1099 total against your monthly statements. Remember that interest paid on December 31st counts for the current year, even if it doesn't appear in your external bank account until January.
  2. Contact Marcus Support: Call the Marcus customer service team immediately. They can investigate the discrepancy and, if necessary, issue a "Corrected 1099-INT."
  3. Wait for the Correction: Do not file your taxes with the incorrect 1099. Wait until the corrected version is available in your "Documents" tab to ensure the IRS receives matching information from both you and the bank.

Managing Data for Closed Accounts

A common point of confusion arises when a user closes their Marcus account mid-year. Even if an account is no longer active, Marcus is still required to provide a 1099-INT for the interest earned prior to the closure (provided it meets the $10 threshold).

If you can no longer log in to the web portal because your account is closed, you may need to contact Marcus via phone to request a copy of your tax forms. In many cases, however, Marcus maintains "limited access" login capabilities for a few months following account closure specifically for document retrieval.

Summary of Key Information for Marcus Tax Documents

  • Location: Web (Documents > Tax Forms) or Mobile App (Account > Documents & Statements).
  • Availability: Generally by mid-to-late January; no later than January 31.
  • Minimum: $10 in interest earned to trigger a formal 1099-INT.
  • Format: PDF (Digital) and standard mail (Physical).
  • Issuer Name: The 1099 will list "Goldman Sachs Bank USA" as the payer.

Frequently Asked Questions (FAQ)

Can I get a CSV or Excel version of my 1099 data?

Currently, Marcus only provides tax forms in PDF format. If you need the data in a spreadsheet for personal bookkeeping, you will need to manually enter the figures or use a PDF-to-CSV conversion tool. However, for tax filing, the PDF is the official document required.

I have three different Marcus accounts. Will I get three 1099s?

Most likely, you will receive one Consolidated 1099-INT that lists the total interest for all accounts registered under your SSN. Check the "Account Details" page within the PDF to see the breakdown of interest per account.

Why is my Marcus 1099 showing less interest than I calculated?

Ensure you are looking at interest paid rather than interest earned but not yet credited. Tax reporting is based on when the money was actually deposited into your account. Also, check if you had any early withdrawal penalties on CDs, as these are often subtracted or listed separately.

How do I change my delivery preference to paperless?

Log in to the Marcus website, go to "Settings," and look for "Communication Preferences." Selecting "Electronic Delivery" for tax forms ensures you get your data as fast as possible and reduces the risk of mail theft.

What if I haven't received my 1099 by February?

First, check the "Documents" section online to see if it was generated. If it’s not there and you know you earned more than $10 in interest, contact Marcus customer service. If you earned less than $10, a form will not be generated, and you should use your monthly statements to report the income.

Is interest from Marcus high-yield savings taxable at the state level?

Yes, interest earned in a Marcus savings account or CD is generally subject to both federal and state income tax. The 1099-INT provides the necessary figures for both filings.

How long should I keep my Marcus 1099 forms?

The IRS generally recommends keeping tax records for at least three years from the date you filed your original return. However, many financial experts suggest keeping them for seven years to be safe, especially if you have complex tax situations. Since Marcus keeps them online for seven years, you don't necessarily need to keep paper copies if you maintain your digital access.

Does Marcus issue 1098 forms?

Form 1098 is used to report mortgage interest. Since Marcus by Goldman Sachs focuses on savings, CDs, and personal loans (where interest paid by the consumer is generally not tax-deductible), they typically do not issue Form 1098. If you have a specific lending product, check your document center, but 1099-INT is the standard for their core savings products.

Can I find my 1099 data through the Goldman Sachs Private Wealth portal?

No. Marcus is a distinct retail banking brand. Even though it is a brand of Goldman Sachs Bank USA, the Marcus accounts are managed through a separate portal (marcus.com). If you have Private Wealth Management accounts, those tax documents will be located on a different GS platform.

Will my 1099 include bonuses from referral programs?

Yes, if you participated in the Marcus referral program and received an APY boost or a cash bonus, that "bonus interest" is typically considered taxable income and will be included in the total interest reported on your 1099-INT.

Conclusion

Finding your 1099 data at Marcus by Goldman Sachs is a straightforward process once you know where the "Documents" tab is located. By prioritizing the digital download, you can start your tax preparation early, ensure the accuracy of your interest reporting, and maintain a secure digital archive of your financial history. Whether you use the web portal or the mobile app, the key is to ensure you meet the $10 threshold and to download the consolidated forms that cover all your high-yield savings and CD products.