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Level 2

Solved

HOW TO DO SHARED POLICY PERCENTAGES?

5 replies
30 views

Could someone please clarify if this would be correct? Below is an example about what I am talking about.

ie: Parent Form

Child's Form:

Does each box from the Parent/Child need to equal 100%? Or do certain boxes on both returns need to be 100%?

Forms

Level 15

For each category the total % between the 2 returns must be 100% ... your screenshot shows a correct combination. Play with the combinations on both returns to see what gets the best results for everyone combined. It is possible for one return to take 100% and the other 0%.

A

Anonymous

is the child filing his/her own tax return?

93nighthawkAuthor

Level 2

Yes, they are filing their own tax return.

Level 15

For each category the total % between the 2 returns must be 100% ... your screenshot shows a correct combination. Play with the combinations on both returns to see what gets the best results for everyone combined. It is possible for one return to take 100% and the other 0%.