Yes, since you are the beneficiary, you should report the income on your tax return.
If the only income is interest on Form 1099-INT, you can just enter that form as if it is your name. You can use the search box toward the upper right to search for 1099-INT. That should bring up a "Jump to" link. Click on Jump to and enter you information.
If you don't see Jump to, follow these directions:
Select Federal on the left side menu.
Select Income and Expenses toward upper left.
Expand/ scroll down the list and find the section called, Interest on 1099-INT, click on Add/ Edit to the right.
Answer Yes and click Continue.
Enter the information from your 1099-INT form, click Continue.
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