turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Hi, I am living at home and the majority of my expenses are paid for by my parents. How do I calculate "Cash, Merchandise or Expenses Paid by Others"?

Do I just choose like a blanket number that I think it is? Because there's no way I could add up and account for every expense they take care of...insurance, groceries, heat, electricity, water, etc...
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MiriamF
Intuit Alumni

Hi, I am living at home and the majority of my expenses are paid for by my parents. How do I calculate "Cash, Merchandise or Expenses Paid by Others"?

If you are going through the worksheet to determine whether you are self-supporting, stop. You already said that your parents pay the majority of your expenses. Why torture yourself? If you are under 23 and a full-time student for at least one semester, then file as a dependent.

If you need this for filling out a scholarship form, think about how often you go out with friends and what it costs per month. Do you have a hobby, like collecting stamps, that you spend money on? A serious relationship with iTunes or Amazon? Don't sweat this. Make a reasonable estimate and move on.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question