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June 3, 2019
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For 1099-INT, Turbotax is asking who the interest belongs to (me, my wife or both of us). How does it matter?

  • June 3, 2019
  • 1 reply
  • 24 views
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If the account that pays interest is a joint account, mark it as "both of us". Else mark it according to the actual ownership.

It doesn't matter unless you're Married Filing Separately and/or in a community property state.

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Answer
June 3, 2019

If the account that pays interest is a joint account, mark it as "both of us". Else mark it according to the actual ownership.

It doesn't matter unless you're Married Filing Separately and/or in a community property state.