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February 26, 2021
Question

Is it okay to report half of what is in Box 1 for each of us if we're reporting interest earned form 1099-INT for a joint bank account and a joint mortgage?

  • February 26, 2021
  • 1 reply
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1 reply

AmyC
Employee
February 27, 2021

Yes, on a joint account you can allocate. In a community property state like NV, it is 50% each.

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