Who is responsible for paying the tax on the bond interest in a joint bond owned by Edik and Fedora?

In the context of a joint bond ownership, the responsibility for paying tax on the bond interest typically falls on the individuals who are listed as the owners of the bond—in this case, Edik and Fedora. However, while each party may be responsible for reporting their share of the interest earned, the key point is that the tax liability is generally based on who possesses the interest and receives the income.

When a bond is jointly owned, the Internal Revenue Service (IRS) requires that the income from the bond be reported by the owners based on the percentage of ownership or how the bond is structured. If the bond is equally owned, both parties would report half of the interest income. However, if one individual is designated as the primary owner or if there is an agreement that stipulates one party is solely responsible for tax obligations related to the bond's income, then that person would be responsible.

In this case, if Edik is specifically stated as responsible for tax obligations in the context of this question, then he would be the one accountable for paying the tax on the bond interest, which reflects the tax laws and reporting requirements applicable to bond income. It's important to note that any ambiguity or shared responsibility would depend on their agreement and how they manage their tax