☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Apr 3, 2023 6:21:24 PM

Can I report all of 1099-INT income from joint account on my individual tax return?

My partner and I are not married and we file separately. We have a joint checking account and received a 1099-INT with both of our names and only my SSN. Can I report the full amount of interest income on my tax return? 

 

If we go this route, do I report it exactly as I would report 1099 interest income from a bank account where I am the sole account holder? (that is, I do not have to do anything with nominee interest) And as far as my partner's tax return is concerned, this 1099 does not exist? 

0 2 1690
2 Replies
Level 15
Apr 3, 2023 6:23:04 PM

Yes you can report it all.  

Expert Alumni
Apr 3, 2023 6:35:38 PM

Correct.  You can report it all and your partner not report any of it.   As long as it all gets reported on one of your returns, you should not have an issue.    And yes, enter it like you would any other 1099-INT that you were the sole owner of.   Your name is on the form, so no nominee reporting is necessary.