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Level 5
February 13, 2022
Solved

Question on dependent

  • February 13, 2022
  • 1 reply
  • 2 views

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.

Best answer by xmasbaby0

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.

1 reply

xmasbaby0Level 15Answer
Level 15
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.

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