dascpa
Level 12
04-14-2022
12:59 PM
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Did he actually pay for his support, not could he/she have? If sitting in his crypto account or reinvested and not spent on support then obviously no. I would be surprised to hear he/she paid for college, housing, food, etc. as per the listing the IRS has for determining support.
I'm really shocked at your $85k. I've had a ton of client crypto this year and hardly anybody made any real money. Curious, what's the kid's major? Finance or Art History?