If I share A CD account, who needs to claim the dividends?

[Critter-3]

The dividends are reported on the SS# of the person listed first on the account and the IRS will expect them to show up on that person's return. 

[Mike9241]

however, if the other person (other than your spouse when filing a joint return) ) puts money into the CD it would seem proper that the interest be allocated.  the one who gets the 1099 reports 100% and then takes a deduction for nominee amount (the allocated amount to the other person). the one that gets the 1099 should properly inform the other party as to the interest they need to report. but what happens if you tell them and they don't report it because they didn't get a tax form? don't know because sharing a CD is usually a bad idea because the other party may be able to take out all the funds and then disappear.