should our 1099-INT have both our names on it

[Mike9241]

Probably if bot names are on the account.  From a tax standpoint, it doesn't matter unless that other person is not filing a joint return with you and yo want to split the income.  

[rjs · Accepted solution]

If the 1099-INT is from a joint account it should have both names on it, but it will only have one Social Security number. If it's an individual account the 1099-INT will only have one name. You might want to call the financial institution that issued the 1099-INT and verify the ownership of the account.

If you are filing a joint tax return you include all income for either one of you individually and all income from joint accounts.

[JohnB5677]

It may, it is based on how your account was setup.

• If you are filling Married Filling Jointly it will make no difference

• If there are multiple Taxpayers, the person who received the 1099-INT needs to file Form 1040 Schedule B and subtract the amount of interest that should "belong" to the other person as a "Nominee Distribution"
• They then issue their own 1099-INT to the other person for that amount of interest, so that the other person can appropriately list it on their own return. 
• For details, see the section on "Nominee distributions"