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okmulgee85jr
New Member

Can you deduct as a gift so that my daughter could not be homeless

I give my daughter 1500 dollars a month for her to live, She has no other income.
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‎January 24, 2020 4:44 PM
last updated ‎January 24, 2020 4:44 PM
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xmasbaby0
Level 15
Level 15

Can you deduct as a gift so that my daughter could not be homeless

No.    Gifts to your children are not deductible.

 

But you may be able to claim her as a qualified relative for the $500 credit for other dependents.

 

CREDIT FOR OTHER DEPENDENTS

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...

**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.**
‎January 24, 2020 4:50 PM
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