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