Joint Accounts and Filing Taxes on Schedule B of Form 1040
I e-filed my tax return last Saturday night only to check my mail box on Sunday and find an interest earnings tax form (1099-INT) from one of my joint account with my fiancee that I totally forgot about. So, I quickly went on Google and researched on the topic and learned a couple things about joint accounts and taxes.
Filed Under the Primary Account Holder
Since this is a joint account, I immediately thought about whether I could’ve just filed everything until the other person (my fiancee) as I haven’t filed hers yet. After searching the web, I find out that joint accounts are usually filed under the primary account holder and need to be filed under that person. Of course, I never knew who the primary account holder was but the way to check is to see who’s SSN is on the tax form. The other way […]
Original post by MoneyNing