Is it possible to have an interest bearing account with four owners that would/can equally share the tax implications of the interest?
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Yes, it is possible, but sharing the tax implications won't be routine. Unless you can find a bank that can break the account into four equal sub-accounts for you, there will be only one 1099-INT issued each year. The IRS allows you to allocate the interest earned. Check with a tax professional for methods you can use to accomplish that.
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Yes, it is possible, but sharing the tax implications won't be routine. Unless you can find a bank that can break the account into four equal sub-accounts for you, there will be only one 1099-INT issued each year. The 