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Yes, the interest will be reported as income to ALL account holders. Which means, both 1046 and 1099 will be issued.
Where are you reading it?
It only that the account is treated as owned by US person and is not subject to back up withholding.
I cannot comment what somebody else told you.
If you are listed as account owner (primary or secondary) and have a free access to those funds, the funds are treated as belonged to both of you. You have to remove your name from the account.