Married filing separately- how to handle 1099-INT for joint account?

[jadembrewer]

My husband and I are filing separately. We have one shared bank account that earned interest and have a 1099-INT form. We are in NYS. Do we both report this form? Only one of us? The form from the bank is only addressed to him. 

[DavidD66]

Since New York is not a community property state, if the bank account is a joint account you can handle it pretty much any way the two of you agree to, as long as you report all of the interest between the two of you.  However, the easiest thing would be for your husband to report it all on his return.  

[jadembrewer]

Thank you. This is what I thought but wanted to make sure!

[M58V58]

Thanks for the explanation for NY state.

But it begs the question: what about CA state, which is a community property state?
How should I (and my spouse) report the 1099-INT received for a joint account, with both our names listed on the form?  Note that we are filing as "Married Filing Separate" for the first time (i.e. last year's return, and all other previous ones, have been filed as "Married Filing Joint".  Hence, I am particularly naive about this situation.

Thanks in advance.

[PaulaM]

Split the amount reported 50/50 on each return. What matters is that the entire amount be accounted for between the two returns.

[M58V58]

Thanks @PaulaM 

[bbowman590]

If the interest or dividend is a large amount it does not seem fair for one person to have to claim all. It seems more equitable to split it.