Chris_4325
Level 2
‎02-27-2025 06:04 PM
There are two owners of the bank account, but bank reported all interest income to one owner. How can I allocate part of the income to the other person?
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rbynaker
Level 14
‎02-27-2025 06:17 PM

My software has a box for Nominee interest that gets subtracted after the subtotal on Sch B.  I also issue a 1099-INT to the other recipient.

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