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J
jadembrewer
April 8, 2024
Question

Married filing separately- how to handle 1099-INT for joint account?

  • April 8, 2024
  • 1 reply
  • 0 views

My husband and I are filing separately. We have one shared bank account that earned interest and have a 1099-INT form. We are in NYS. Do we both report this form? Only one of us? The form from the bank is only addressed to him. 

    1 reply

    D
    DavidD66
    April 8, 2024

    Since New York is not a community property state, if the bank account is a joint account you can handle it pretty much any way the two of you agree to, as long as you report all of the interest between the two of you.  However, the easiest thing would be for your husband to report it all on his return.  

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      B
      bbowman590
      April 15, 2025

      If the interest or dividend is a large amount it does not seem fair for one person to have to claim all. It seems more equitable to split it.

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