I am filing my federal tax return by mail and will be submitting Form W-7 to apply for an ITIN for my daughter along with my return. Since she doesn’t have an ITIN yet, I haven’t entered any number in TurboTax, but it now says she is not eligible for the Other Dependent Credit ($500).
How can I correctly claim this credit in TurboTax while applying for her ITIN?
Should I leave the SSN/ITIN field blank and still claim the credit? If so, how to do it?
Should I enter a placeholder number and then whiten it before mailing?
Will the IRS automatically process the credit once they assign the ITIN?
Would appreciate any guidance on the correct way to do this. Thanks!