1099-INT - Joint account

#3 02-03-2006, 07:26 AM

Thank you all. This information really helped. I did not
know 1099-INT would only show one SSN. Reported it as joint.
Waiting for my refund :-)

Thanks again.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#2 02-02-2006, 01:23 PM

"SeekKnowledge" <Vishy.K.Rao[at]gmail.com> wrote:

- quote -

> I received 1099-INT from my bank, the reciepent box has just
> my SSN although it is a joint account. I do a joint filing
> with my wife, she does not work. She has only ITIN no SSN.
> Now my question is how do I report this when I file tax ?
> If I select "joint" (while reporting 1099-INT) I save about
> $20 in State (federal no difference)

If it's a joint account, the interest is joint income.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#1 02-02-2006, 12:45 PM

They will only show the SSN of the first named on the
account. Report it as a joint account.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

02-02-2006, 12:45 PM

They will only show the SSN of the first named on the
account. Report it as a joint account.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#-1 02-02-2006, 12:54 AM

I received 1099-INT from my bank, the reciepent box has just
my SSN although it is a joint account. I do a joint filing
with my wife, she does not work. She has only ITIN no SSN.

Now my question is how do I report this when I file tax ?
If I select "joint" (while reporting 1099-INT) I save about
$20 in State (federal no difference)

Apperciate any hellp.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

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