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Get your taxes done using TurboTax
If the support is less than 50%, there is no need to answer Yes to that question. The grandchild would not be claimed as a dependent on the tax return. The amounts provided to the grandchild are considered a gift and would not need to be reported on the tax return. Gifts totally more than $18,000 would require a Form 709 be completed to report a gift tax.
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‎April 14, 2025
10:16 AM