Question on dependent

johnsantaclara1 · ‎February 13, 2022

My daughter turned 25 in Dec 2021, lives with me, was a full time student until July 2021 and did not work/earn in 2021. I supported her financially for everything she needed in 2021. But she received dividends >$4300 only from stocks that I had gifted to her. Please confirm if she would still qualify as dependent on my tax return. Thank you.

xmasbaby0 · ‎February 13, 2022

Sorry---no. The only source of income that does not "count" for her would be Social Security. If she had over $4300 of income from any other source, you cannot claim her as a dependent since she is older than 23. Sorry.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎February 13, 2022

Sorry---no. The only source of income that does not "count" for her would be Social Security. If she had over $4300 of income from any other source, you cannot claim her as a dependent since she is older than 23. Sorry.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**