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Dependents
Why does Turbotax ask if you can be claimed as dependent by someone else - and if that person will claim you as a dependent? Does this mean that a parent has the choice of whether or not to claim a child as a dependent? If the answer to that question is yes - that a parent does not need to claim a child as a dependent - then what are the tax consequences for the child? Would this change the deductions that could apply to the child's tax return?
March 15, 2021
10:52 AM