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New Member
posted Mar 10, 2025 11:51:10 AM

should our 1099-INT have both our names on it

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1 Best answer
Level 15
Mar 10, 2025 12:27:34 PM

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.

 

3 Replies
Level 15
Mar 10, 2025 12:24:41 PM

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.  

Level 15
Mar 10, 2025 12:27:34 PM

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.

 

Expert Alumni
Mar 10, 2025 12:37:24 PM

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