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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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borinquenfs
Level 3
04-04-2022
06:46 PM
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What should parents do if they alternate yearly custody of a dependent? The mother received $1800 because she claimed the dependent for 2020. Now the father is claiming the dependent what amount do I report if any for the father?
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dkh
Level 15
04-04-2022
10:56 PM
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You report whatever the father received which sounds like $0. The mother will report on her return what she received - $1800. Possible she may have to pay back the ACTC she received depending on her income.
borinquenfs
Level 3
04-05-2022
04:34 PM
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Thank you...I confirmed that with the IRS and that is correct. Thanks.
