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Level 2

Question

need advice

Forum|Forum|5 years ago
March 16, 2021
5 replies
21 views

me and parents have turbo tax i do their taxes.my question-i had a drunk driver hit me headon at 65mph i have been living on the settlement money so i have no income settlement is tax free.can i still file on turbo tax and claim my 17 year old daughter she is in high school?

Level 10

You can do it, however you need to show if have income to support yourself and your dependent. You could receive refundable part of tax credit for other dependent, however Earned Income tax credit will be disallowed.

saleen118Author

Level 2

so i can show settlement paperwork on amount of money$?i have turbo tax right now on laptop just not sure if i can file to claim her?my settlement is tax free.should i go ahead and file with turbo tax?i already did my parents taxes on it not sure if i can file non taxable income and claim her she is 17 and in high school

Level 15

No, nontaxable income will just show zeros on the firm. Doesn't the money itself earn interest?