Solved: My wife and I file separately.Can I claim her 1099 bank interest on my 1040 even though her 1099 has her SS number on it? Both names are on 1099 but her name was first.
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My wife and I file separately.Can I claim her 1099 bank interest on my 1040 even though her 1099 has her SS number on it? Both names are on 1099 but her name was first.

 
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My wife and I file separately.Can I claim her 1099 bank interest on my 1040 even though her 1099 has her SS number on it? Both names are on 1099 but her name was first.

If “1099 bank interest” is referring to interest income reported on Form 1099-INT and you are both listed on the account, then you would each claim half of the interest income on your individual returns.

If “1099 bank interest” is referring to mortgage interest reported on Form 1098 and you are both listed on the mortgage, then you can decide among the two of you how to divide the mortgage interest deduction between your two tax returns.

If neither of these is the right interpretation of “1099 bank interest”, please add more details.


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New Member

My wife and I file separately.Can I claim her 1099 bank interest on my 1040 even though her 1099 has her SS number on it? Both names are on 1099 but her name was first.

If “1099 bank interest” is referring to interest income reported on Form 1099-INT and you are both listed on the account, then you would each claim half of the interest income on your individual returns.

If “1099 bank interest” is referring to mortgage interest reported on Form 1098 and you are both listed on the mortgage, then you can decide among the two of you how to divide the mortgage interest deduction between your two tax returns.

If neither of these is the right interpretation of “1099 bank interest”, please add more details.


View solution in original post

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