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Level 2
posted Apr 9, 2025 8:23:21 PM

Single 1099-INT form covering for multiple accounts with the same bank

I received a single 1099-INT form covering for multiple accounts with the same bank. Some accounts are joint account, some accounts are my own account (not joint account). 

In Turbotax, I have to specify one of 3 dropdown options for 'This 1099-INT belongs to ...': 

1. Both of us;

2. My name;

3. My spouse name;

 

Does it matter if I pick 'Both of us', or 'My name' in this case? My gut feeling is to go with 'Both of us', although not all are joint accounts for this same 1099-INT form. 

0 2 688
2 Replies
Expert Alumni
Apr 9, 2025 8:31:48 PM

If your filing status is Married Filing Jointly, it really doesn't matter.  It has no impact on your tax return. 

Level 2
Apr 9, 2025 8:36:42 PM

Thanks for confirming this!