Deductions & credits


@Opus 17 wrote:

@macuser_22 wrote:


What I am concerned by is your statement "But if the emancipation date is before 6 months passed then custody ends and nobody had custody more than 6 months."

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That is true.   After emancipation NOBODY has "custody" any longer.   "Custody" only matters to apply the special rules that allows the non-custodial perent to claim the child if the custodial parent releases it with a 8332 form.   After emancipation the 8832 form no longer applies.     

 

Only the parent that physically lived with the child more than 6 months can claim as a qualifying child and they can not longer release it to the parent that did not live with the child.

**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.**