The IRS seems to make this overly complicated according to my understanding of the IRS Website.
The first part is simple as per the reply. However, according to the IRS website, you then need to create a 1099-INT with you as the payer to the other person and file it with information Form 1096. Form 1096 is printed in red and cannot be filled in and printed from the IRS website because the self printed form cannot be scanned. You either have to file electronically or order Form 1096 from the IRS. Another copy of the 1099-INT would be sent to the other person. That person would then use the 1099-INT you sent with the filing of his/her taxes. I would be sending to myself as I am filing my deceased Dad's taxes. I was joint on his account and he passed away mid-year.
https://www.irs.gov/pub/irs-pdf/f1096.pdf
Am I missing something here?
