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If your mom's social security number is on the 1099-INT, she should file it with her tax return.
You will not be getting a second one in the mail.
If you would like the joint owner on your account to be responsible for this interest income, speak to a tax consultant.
Thanks so much! Do you also know if she actually has to file a tax return? The interest for last year is $98 and her only other income is her social security. Is there a tax free interest amount?
Thanks again
She may not need to file a return if all she earned is social security income and minimal other income. There is a minimal amount of income you need to have before you are required to file a tax return and social security income is only taxable if your income is over a certain amount. You can use this tool at the IRS website to see if your mother needs to file a federal tax return:
@jennie_f {Edited 1/22/23 3:45 PST}
Thank you so much!
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