It may be easier to have the partner enter the interest income on his or her personal tax return. However, you are not supposed to enter income that doesn't belong to you on your tax return. In some instances an increase in income can actually lower your tax, as can happen with an earned income credit is some circumstances. It can have unintended consequences. It would be better from a compliance standpoint to allocate the income to each partner as is required by the tax regulations. @Jerry Lantzy
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