rbynaker
Level 14
03-26-2021
08:56 PM
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@dkh wrote:
As a side note, I'm curious as to why the client couldn't claim their child initially but now they can. 🤔
We have the real answer (where's the fun in that?) But here's a hypothetical:
"Child" age 25 lives at home, supported by Mom and makes $2K on a W-2 job and $10K on unemployment. Filed a return in February claiming self, AGI=$12K, TI = $0 but gets full RRC.
Fast forward to now. Child now meets all of the tests to be a QR of Mom (Gross income is now <$4,300).
Aren't taxes fun?!?