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New Member
posted Mar 29, 2023 7:06:33 AM

I have a joint bank account with my minor child (both ssn on the account) interest is $600-- do i report it on my taxes?

or does my child have to file and report it?

0 3 309
3 Replies
Level 15
Mar 29, 2023 7:13:27 AM

Report the interest on your tax return since you are an owner on the account.  

Level 1
Apr 17, 2024 2:31:18 PM

What if you are joint owner of the minor child account but it's under the minor's SSN and the minor is the primary owner?

Expert Alumni
Apr 18, 2024 6:23:56 AM

The interest will be reported based on the ssn on the 1099-INT form.