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HOW TO DO SHARED POLICY PERCENTAGES?
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%?
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HOW TO DO SHARED POLICY PERCENTAGES?
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%.
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HOW TO DO SHARED POLICY PERCENTAGES?
Yes. It is up to you how you want to prorate, as long as each adds up to 100%.

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HOW TO DO SHARED POLICY PERCENTAGES?
is the child filing his/her own tax return?
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HOW TO DO SHARED POLICY PERCENTAGES?
Yes, they are filing their own tax return.
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HOW TO DO SHARED POLICY PERCENTAGES?
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%.
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HOW TO DO SHARED POLICY PERCENTAGES?
So for example could you do this:
Mine: 80 80 70
Child: 20 20 30
Would this be acceptable?
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HOW TO DO SHARED POLICY PERCENTAGES?
Yes. It is up to you how you want to prorate, as long as each adds up to 100%.
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