Carl
Level 15

Get your taxes done using TurboTax

Read the last paragraph of my previous post. It posted accidentally before I got that last paragraph in.

Basically, being a dependent has no bearing in any way, shape, form or fashion. On starting and owning a business. It's totally and completely irrelevant and just flat out does not matter at all.

Heck, a 16-year old can have their own grass cutting business as a dependent, and their dependency status just flat out does not matter. If he meets the filing requirements, he's required to file a tax return regardless.

For a corporation, be it an S-Corp or a C_Corp, the corporate return is still required unless specific and explicit conditions are met. One's dependency status is not one of those conditions.