Hello Hal_Al,
Thank you for responding. I appreciate it.
I as Parent is not eligible to claim AOTC credit. Hence I am not claiming him as dependant and forging $500 dependant credit.
My son also needs to file taxes since he had a summer job (>13850) and is applying for AOTC credit.
He is getting only Non-refundable Ed credit which reduces his tax libiality to zero.
I understand he is not eligible for refundable Ed credit based on that 50% support condition.
What I don't understand is , why MI-1050 9e. says Claimed as Dependent and shows 1500 instead of full exemption of 5400 in 9a., when I am NOT going to claim him at all.
To get full MI exemption, I have to answer the 1st question as NO
(If another taypayer CAN claim you as dependent).
This is where I need to to intrepret correctly that even if my son is NOT claimed by anybody,
MI-1050 will not allow full exemption since he is considered as "dependant" all along.
Is that correct ?
Another strange point :
If I select YES and NO as below
1. Another Taypayer CAN claim me as a dependant ? YES
2. Will They ACTUALLY claim me as a dependant ? NO
Do either of these statements apply to the other Taypayer (which is me)
3. This person is required to file a tax return - NO
4. This person is filing taxes for reason OTHER than getting a refund for taxes paid - NO
This is how TT comments when I answer NO for above 3 and 4 questions :
Based on this, we will remove the checkmark indicating "ANOTHER TAXPAYER CAN CLAIM xxx AS DEPENDANT".
So technically the 1st Question should be answered as NO.
1. Another Taypayer CAN claim me as a dependant ?
Let me know your thoughts.
