Extensions and amendments

Forum|Forum|4 years ago
April 15, 2022
1 reply
10 views

If I filed jointly and claimed. Child dependent with their income on my return , I believe I can later amend to delete the dependent and have her file a return(because she could show she was not a dependent and could thus get done tax credits greater than the child tax credit I would get). The original return was filed with an extension, so it’s last amendment date to get a refund is 3 years from the actual filing date. However, does that extension also apply to the child’s individual tax return(which wasn’t filed at all as the income was included in the parents return)-since effectively my return was her return.

Not A Product Question

KrisD15

Level 15

First of all, whether the child is a dependent or not, if the child has earned income, they need to file a tax return. You would not claim that income.

If it was only unearned income, they would most likely need to be claimed as a dependent.

No, your extension only applies to your amended return. It would not apply to anyone listed as a dependent on your return.

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StevehofwaAuthor

Level 5

I suppose if the child had used savings for expenses they could still claim to be a non dependent even if they had no earned income. Only worth a few hundred bucks here(value of aotc refund on her return vs decrease of fed and state taxes on mine).

DMarkM1

Level 15

If she provided over 1/2 of her own total support using savings (for example) that means she was not your dependent child and also means you did not provide over 1/2 of her total support therefore disqualifying her as your qualifying relative dependent as well.

Factors to consider for determining who provided over 1/2 of her total support are listed here in Publication 501.

You should also consider Table 5 in Publication 501 for determining dependent status. In calculating gross income for the qualifying relative test, only interest earned on the savings account during the tax year is income not the total amount in the savings account.

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