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April 8, 2024
Question

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

  • April 8, 2024
  • 1 reply
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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

    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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    April 8, 2024

    Thank you. This is what I thought but wanted to make sure!