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BoboBrazil
Level 1

Claiming Parents as Dependent who live with us

Both of my elderly Parents live with us. My Dad received $4800 from his 401K. If they both file separate returns can we claim their income was $2400 each to keep them under the Gross Max income for eligibility in 2020?

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Mike9241
Level 15

Claiming Parents as Dependent who live with us

Both of my elderly Parents live with us. My Dad received $4800 from his 401K. If they both file separate returns can we claim their income was $2400 each to keep them under the Gross Max income for eligibility in 2020?

 

your dad doesn't qualify as a dependent since his gross income is over $4300.   and NO you can't split the income. 

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1 Reply
Mike9241
Level 15

Claiming Parents as Dependent who live with us

Both of my elderly Parents live with us. My Dad received $4800 from his 401K. If they both file separate returns can we claim their income was $2400 each to keep them under the Gross Max income for eligibility in 2020?

 

your dad doesn't qualify as a dependent since his gross income is over $4300.   and NO you can't split the income. 

View solution in original post

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