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Level 2
posted Jan 14, 2024 9:27:28 AM

Do I report interest on my Mother's Checkings or CD accounts (on my Tax Returns)? My name is on the accounts but I use my own accounts for any money used or bills paid.

My name is under my Mother's name (Father is deceased) on her three Checkings and Savings account as well as the CDs.  She has not taken money from the CD and only rolled to back into addition CD periods.

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1 Replies
Level 15
Jan 14, 2024 9:30:44 AM

Depends on what name and ssn comes on the 1099INT from the bank.  Probably goes on her return if she files one.

 

Does she need to file a return?  
https://ttlc.intuit.com/community/filing-and-paying-taxes/help/do-i-need-to-file-a-federal-return-this-year/00/25546