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posted Sep 28, 2022 12:25:08 PM

qustion

already filed for 2021. However, I didnt mention that I provided sole financial support for my adult son whom is trying to start a business. I have paid for his rent mving expenses, utilities and food . can that be deucted if so [what is the process for reimbursement.Please advise . Thanks Donna C.

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2 Replies
Level 15
Sep 28, 2022 12:31:34 PM

You would have to file a 2021 amended tax return to claim him as a dependent.  If he is not a full time student and is age 19 or older, claiming him as a dependent would also give you a non-refundable $500 Other Dependent tax credit.

He could be claimed under the Qualifying Relative rules if he meets all the requirements.

 

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.
2. The person either (a) must be related to you or (b) must live with you all year as a member of your household.
3. The person's gross income for the year must be less than $4,300 (social security does not count) in 2021
4. You must provide more than half of the person's total support for the year.
5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.
6. The person must not file a joint return with their spouse.

 

See this TurboTax support FAQ for amending a 2021 tax return originally completed and filed using TurboTax - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-2021-return/L1gEU4G3X_US_en_US?uid=l8m0wg48

Level 15
Sep 28, 2022 12:34:10 PM

The expenses you mentioned cannot deducted since those are living expenses you paid for him.  Any medical expenses you paid for him can be deducted as an itemized medical deduction on Schedule A.