If only my name appears on my 1099-INT even though it's a joint account, who needs to report the interest. or can the other account holder report the interest.
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If only my name appears on my 1099-INT even though it's a joint account, who needs to report the interest. or can the other account holder report the interest.
I would prefer the other account holder to report the interest, is that allowed ?
If only my name appears on my 1099-INT even though it's a joint account, who needs to report the interest. or can the other account holder report the interest.
The 1099 interest amount should be reported based on whose social security is listed on the 1099 form. You could ask the interest payer to reissue a corrected form in the other person's and social security number.
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