Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Joint account interest filing separately (https://www.askmehelpdesk.com/showthread.php?t=24331)

  • Apr 10, 2006, 05:55 AM
    pratibhac
    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).
  • Apr 10, 2006, 11:07 AM
    pratibhac
    Please reply asap..
  • Apr 10, 2006, 01:25 PM
    vaya
    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.

    Vaya
  • Apr 11, 2006, 08:59 AM
    AtlantaTaxExpert
    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.
  • Apr 11, 2006, 01:38 PM
    pratibhac
    Thanks for replying promptly.
  • Apr 12, 2006, 08:12 AM
    AtlantaTaxExpert
    Glad to help!

  • All times are GMT -7. The time now is 05:57 AM.