Bilgerat
Level 2
04-08-2023
09:47 PM
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Taxpayer is 28 years old and returned to school full time in Spring, Summer and Fall of 2022. Proseries is showing he qualifies for the EITC. He has distributions from an old 529 of $10,000 (used for qual education expenses), wages of $6,027 and dividends of $3,890. Grandfather gave him $11,000 in January. He doesn't want to take the EIC and it's only for $142 on the return. Is there anything here that disqualifies it? Sounds funny, but does one have to take the EIC?
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