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Dependent received unemployment
My daughter had earned income of $1500 and unemployment of $15k. If claimed as a dependent, her unemployment is taxed at me tax rate instead of hers. Correct? It makes a huge difference if she is not claimed as a dependent. Can you clarify and discuss legal loop holes for the question on her Turbo-Tax: Did you provide over half of your own support with earned income?
March 16, 2021
6:14 AM