@Justin83 wrote:
If your shared custody arrangement actually is an exact 50/50 split of parenting time, the IRS gives the deduction to the parent with the highest adjusted gross income.
Very unlikely, but possible. In that case NEITHER parent lived with the child MORE then 1/2 the year so nobody can claim the child at all.
The rules for the "parent with the highest income" tie breaker only applies if BOTH parents lived with the child the exact same amount of time, but MORE than half the year. This can usually only happen when both parents and the child lived together part of the year (days cannot be split and the IRS only counts nights.
See Custodial parent and noncustodial parent in Pub 501
https://www.irs.gov/publications/p501#en_US_2020_publink1000220904
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
