clobber88
Level 1
01-23-2023
05:23 PM
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I have done all the support test calculations on the side. When I include 529 distributions as support provided by the student, the student is no longer able to be claimed as a dependent by the parent (which is advantageous in this case). If I choose to implement this solution in Turbo Tax filing as the student, what are the correct steps? I am using TT desktop 2021 in practice for 2022 and I think it goes something like this:
1) Q: Can anyone claim you as a dependent on their tax return.
A: No
2) Q: Did you support yourself in 2021? Did you provide over half of your own support with earned income during 2021?
A: Yes
This is the correct way to get Turbo Tax to implement the solution. Right?