My son is a college student. He made $10,000 in unearned income in the stock market and so we are filing a separate return for him. On my return it says he is "not qualified for child tax credit". It doesn't seem that we are getting any benefit from claiming him as a dependent. Would it be better to not claim him as a dependent at all on our tax return? When I change my son's TT return to "someone can claim me as a dependent in 2020" but "no one will claim me as a dependent in 2020", he owes much less taxes. Is it ok to not claim my son as a dependent even though he technically is a dependent? Thank you in advance.
