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Home > Money & Services > Taxes   »   Joint account interest filing separately

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Old Apr 10, 2006, 05:55 AM
pratibhac
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Joint account interest filing separately

In the case of a joint account, who should show "interest income". I am
filing as resident alien. My husband's filing as non resident alien (and does
not have to pay taxes on interest income, I believe).

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Old Apr 10, 2006, 11:07 AM   #2  
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Please reply asap..
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Old Apr 10, 2006, 01:25 PM   #3  
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Whoever's social security is on 1099-INT. If the interest is from a US bank and 1099-INT has his social or other ID number, your husband needs to pay taxes on that interest.

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Old Apr 11, 2006, 08:59 AM   #4  
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Vaya:

I think you are incorrect. If the husband (who is a non-resident alien) files Form 1040NR and the 1099-INT has his SSN/ITIN on the account, then the interest is NOT taxable.

If the Form 1099-INT has her SSN/ITIN on it OR they are filing jointly and both will be treated as resident aliens, then the interest is taxable.
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Old Apr 11, 2006, 04:38 PM   #5  
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Thanks for replying promptly.
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Old Apr 12, 2006, 11:12 AM   #6  
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Glad to help!
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