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    pratibhac's Avatar
    pratibhac Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Apr 10, 2006, 05:55 AM
    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).
    pratibhac's Avatar
    pratibhac Posts: 6, Reputation: 1
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    #2

    Apr 10, 2006, 11:07 AM
    Please reply asap..
    vaya's Avatar
    vaya Posts: 55, Reputation: 1
    Junior Member
    		  
    #3

    Apr 10, 2006, 01:25 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Apr 11, 2006, 08:59 AM
    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.
    pratibhac's Avatar
    pratibhac Posts: 6, Reputation: 1
    New Member
    		  
    #5

    Apr 11, 2006, 01:38 PM
    Thanks for replying promptly.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    Apr 12, 2006, 08:12 AM
    Glad to help!
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