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MGC94
Level 7
March 10, 2021
Question

Stimulus and college student

  • March 10, 2021
  • 6 replies
  • 41 views

Claimed college dependent in 2018 and 2019. 

College student, makes $17,000 a year, does not pay 1/2 of support. 

Should I file her:

1. as a college dependent on her parents taxes

or 

2. Have her claim herself and do the recovery rebate and let her get the $1,200 and $600?

Thank you for your input 

This topic has been closed for replies.

6 replies

taxiowa
Level 8
March 10, 2021

 How much is college costs and who is paying for it will go along ways towards determining if student is paying more than 1/2 of her support.  Is it loans?

sjrcpa
Level 15
March 10, 2021

And if loans - who is liable? Student or parents?

The more I know the more I don’t know.
sjrcpa
Level 15
March 10, 2021

If your facts are correct 1. is the only option.

EDIT: or rather, 2. is not an option.

The more I know the more I don’t know.
Level 3
March 10, 2021

Please forgive the technical accounting jargon but, "The facts is the facts!"