565244
You'll need to sign in or create an account to connect with an expert.
It depends. There are different rules depending on if If your daughter is your qualifying child or qualifying relative.
If she is your Qualifying Child, then she must not have used her income to provide more than half of her own support. If she is your Qualifying Relative, then she must not have earned more than $4050.00 during 2017.
Please view the TurboTax link below to determine whether she was your Qualifying Child or Qualifying Relative.
It depends. There are different rules depending on if If your daughter is your qualifying child or qualifying relative.
If she is your Qualifying Child, then she must not have used her income to provide more than half of her own support. If she is your Qualifying Relative, then she must not have earned more than $4050.00 during 2017.
Please view the TurboTax link below to determine whether she was your Qualifying Child or Qualifying Relative.
A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:
1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
2. He did not provide more than 1/2 his own support. Scholarships are considered third party support and not as support provided by the student.
3. He lived with the parent (including temporary absences such as away at school) for more than half the year
So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on him self.
The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jaxsonsmommyy1624
New Member
lmh06420
New Member
dawn-webb0124
New Member
jjcaywood
New Member
shubham06oct
New Member