Question
My mom owns a savings account for me that I can draw from. She owns the account but the money is for me, so should I say that I made money from interest on my tax return?
She owns the account. It's to pay for education-related expenses. Whenever I want to draw money out of the account, she withdraws it over the phone and then transfers it to me via our banking app. Should I file as having made money from interest on my tax return? I don't own the account so I'm not sure if it counts as me making money from interest. Thanks!
