Yes, you do need to report your portion of the interest, if you are a true joint owner of the account. In general, the bank will only send 1099-INT to the primary SSN, but if some of the interest belongs to you, please report it as nominee interest.
In TurboTax, you would enter the amount as if you received form 1099-INT.
- Federal Taxes
- Wages and Income
- Interest and Dividends, select Interest on
1099-INT - enter your portion in box 1
