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- Posted Re: Disabled Daughter Receives SSI; Can I still claim her as a Dependent? on Get your taxes done using TurboTax. February 18, 2020 6:32 AM
- Posted Re: Disabled Daughter Receives SSI; Can I still claim her as a Dependent? on Get your taxes done using TurboTax. February 17, 2020 6:24 PM
- Posted Re: Disabled Daughter Receives SSI; Can I still claim her as a Dependent? on Get your taxes done using TurboTax. February 17, 2020 5:13 PM
- Posted Disabled Daughter Receives SSI; Can I still claim her as a Dependent? on Get your taxes done using TurboTax. February 17, 2020 2:05 PM
- Cheered Re: Non-Dependent Child as Qualifying Child for EIC? for DavidS127. February 16, 2020 12:57 PM
- Posted Re: Non-Dependent Child as Qualifying Child for EIC? on Deductions & credits. February 16, 2020 8:13 AM
- Posted Non-Dependent Child as Qualifying Child for EIC? on Deductions & credits. February 16, 2020 7:26 AM
- Posted Do I need to Amortize my Mortgage Points? on Deductions & credits. February 15, 2020 9:18 AM
- Cheered Re: Do I need to file Schedule E if my rental apt was on the market for 20 days and didn't get re... for ColeenD3. February 4, 2020 7:12 PM
- Posted Do I need to file Schedule E if my rental apt was on the market for 20 days and didn't get rented? on Investors & landlords. February 4, 2020 2:51 PM
- Cheered Re: Mortgage Interest Deduction for KrisD15. February 4, 2020 2:08 PM
- Posted Re: Mortgage Interest Deduction on Deductions & credits. February 4, 2020 1:06 PM
- Posted Re: Mortgage Interest Deduction on Deductions & credits. February 4, 2020 12:50 PM
- Posted Mortgage Interest Deduction on Deductions & credits. February 4, 2020 12:17 PM
- Posted Re: How to Remove Earned Income Credit claim for New York State return only on Get your taxes done using TurboTax. April 5, 2019 1:40 PM
- Posted Re: How to Remove Earned Income Credit claim for New York State return only on Get your taxes done using TurboTax. April 5, 2019 11:32 AM
- Posted How to Remove Earned Income Credit claim for New York State return only on Get your taxes done using TurboTax. April 4, 2019 11:31 AM
February 18, 2020
6:32 AM
I came across this article authored by a lawyer/CPA who claims that SSI is NOT counted as support provided by the qualifying child: https://www.thetaxadviser.com/newsletters/2019/apr/tcja-definition-dependent-children-special-needs.html "Needs-based support, such as SSI, is not included as income nor counted as support provided by a qualifying child for this test. In addition, it is critically important to remember that qualifying child status also requires a residency requirement that is not required under the qualifying relative test; the qualifying child must live in the same household as the taxpayer for more than half the tax year. By contrast, SSI is counted as support under the qualifying relative test. As a result, if a taxpayer's special needs child's sole source of income is SSI, the "dependent's status" will not be jeopardized under the qualifying child test, but requires further examination under the qualifying relative test as to whether the individual seeking dependent status has provided more than half of the qualifying relative's support." The author is making a distinction between Qualifying Child (for dependent status) and Qualifying Relative, and stating that SSI is not considered support provided by the Qualifying Child. Is he simply mistaken?
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February 17, 2020
6:24 PM
Thanks. I re-read the publication that ColeenD3 linked. I think I understand it now. When it says that a child's social security benefits are considered support paid by the child, it is attempting to make a distinction between social security benefits and state/local benefits (such as TANF and SNAP). The former is treated as support paid by the beneficiary. I wonder if the fact that I'm my daughter's Representative Payee for her SSI makes any difference. Social Security appoints Representative Payees to receive and manage the funds for beneficiaries who are unable to do so themselves. I suppose it wouldn't make any difference since my daughter is still the beneficiary of the SSI, even though I'm the one who is actually receiving the payments on her behalf.
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February 17, 2020
5:13 PM
Thank you. I saw this as well. Unfortunately this particular IRS publication is rather poorly-written and obfuscates the issue even more for me: The last sentence in the first paragraph (" whereas any part of such a payment used for the support of the recipient would constitute support of the recipient by a third party") seems to suggest that if a SSI recipient, e.g. my daughter, uses her SSI benefits to provide for her own support, then it constitutes support of my daughter by a third party (i.e. not my daughter providing her own support). But the example in the following paragraph ("If a child receives Social Security benefits, and uses them for the child’s own support, the benefits are considered to be provided by the child") seems to contradict that. Under that example, if my daughter's SSI benefits are being used for her support, then she is considered to be providing her own support. Maybe I'm reading too much into this and making it more complicated than it is?
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February 17, 2020
2:05 PM
My 25 year old daughter is totally and permanent disabled. Her only income is SSI, but her SSI benefits are enough to provide more than half of her total support. I'm struggling to understand whether I can claim her as a dependent. I was initially under the impression that I cannot (because her SSI benefits are being used for provide for more than half of her total support). However, I've come across some publications online saying that SSI does NOT count as "own support", and is instead treated like TANF (i.e. support from the state). In that case, a child who is paying half of her own support using her SSI benefits is NOT treated as paying half of her own support when it comes to determining whether she is a Qualifying Child - so the parent can still claim her as a dependent. Is that correct? It is very confusing and I cannot find a definitive answer anywhere. My daughter otherwise meets all the criteria for me to claim her as a dependent, except for this "providing half of her own support" factor - and it's not clear whether SSI benefits count as "own support".
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February 16, 2020
8:13 AM
Thank you. Just to be clear: it's possible to have a Qualifying Child for EIC purposes, and still file as Single? (i.e. the tax software wouldn't flag that as an error and default my filing status to Head of Household)
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February 16, 2020
7:26 AM
My disabled adult daughter lives with me. In the past I've been filing as Head of Household and claiming her as a dependent because she's totally and permanently disabled and I provided more than half of her support. However, in 2019 my daughter's SSI benefits were enough to cover her share of household expenses. Therefore I will not be claiming her as a dependent when I file for 2019 (my understanding is that I cannot do so because I'm not paying for more than half of her support). Since I won't be claiming her as a dependent, I'm confused about the following: (1) Is my daughter still a "Qualifying Child" for purposes of my EIC claim? (2) Am I still eligible to file as Head of Household?
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February 15, 2020
9:18 AM
In 2019 I bought a second property to use as my primary residence. I spent a few months renovating and moved into the property in December 2019. I paid points as part of my mortgage for this second property. My understanding is that I do not need to amortize those points, because I'm using this property as my primary residence (even though it's my second time purchasing a home). Is that correct? Also, not sure if this is relevant, but I started listing my first property for rent in December, but it didn't get rented out in 2019, so I won't be filing a Schedule E as I had no rental income in 2019.
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February 4, 2020
2:51 PM
I bought a second property in the summer of 2019. Because renovation took several month, I didn't move into it until early December 2019, at which point I started listing my first property for rent. However, I didn't find a tenant until January 2020. So I received no rental income in 2019, but the property was on the market available for rent for 21 days in December 2019. In that scenario, do I have to file a Schedule E for the 21 days in 2019 that my first property was listed for rent, even though it didn't get rented out in 2019 and I received no rental income for it in 2019?
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February 4, 2020
1:06 PM
Thank you. But I'm confused how the pre-2017 $1 million cap and the post-2017 $750K cap applies to my situation - as I have mortgage from both time periods. Since I have a $450K mortgage from 2016 and a $700K mortgage from 2019, do they get added together and capped (and if so, would it be the $1 million cap or the $750K cap)? or does each mortgage stand on its own and is subject to its own cap based on when they were originated (i.e. $1 million for the 2016 mortgage and $750K for the 2019 mortgage)?
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February 4, 2020
12:50 PM
Thanks, but according to Publication 936, "grandfathered debt" refers only to mortgage originated prior to October 1987. Since my mortgages are from 2016 and 2019, my understanding is that neither counts as "grandfathered debt."
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