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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."
.
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.**
‎February 25, 2021
2:26 PM