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erwin1
Returning Member

71 year old Dependent Parent Received $18k Distribution from IRA

Can I still claim my mother as dependent for 2020 return when she received a form 1099R for receiving IRA distribution of about $18k in 2020? Is this distribution considered income that my mother has to file her own return? Please let me know. Thanks. 

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2 Replies

71 year old Dependent Parent Received $18k Distribution from IRA

No you cannot claim your mother as a dependent since she had over $4300 of income not counting Social Security.  She can file her own tax return and can say that she cannot be claimed.   And she is eligible for stimulus money on a 2020 tax return   She can get it by using the recovery rebate credit.

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return. If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021 

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040.

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
erwin1
Returning Member

71 year old Dependent Parent Received $18k Distribution from IRA

Understood. This is very helpful. Thank you. 

 

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