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Level 1
June 4, 2019
Solved

Interest income received

  • June 4, 2019
  • 1 reply
  • 13 views

My grandson's savings accounts are under my checking account, and I just

received a 1099-Int statement addressed to him.  The amount of interest he

earned is $41.99.  Do I need to report this on my 2018 tax return?

Best answer by Texas Roger

If his name is on the 1099-INT then you don't enter it on your tax return. 

1 reply

Level 15
June 4, 2019

If his name is on the 1099-INT then you don't enter it on your tax return.