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This is Han,

This single mother's son is 21 in 2019. Full time college student, who lives at home, makes about $8k working part-time, that makes him her dependent, she files HOH, I get that... The problem is, both him and his mother inherited $70k each from the boy's grand mother's death in 2019, so I filed him separately because of the high income. I also prepared her as single too, not e-filed yet, but now I'm thinking she really should be HOH. The boy's inheritance not withstanding, which he stashed away in the bank, she still provides more than half the household's upkeep.

Am I correct on that or not?

ProSeries Basic

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dd4volsAnswer

Intuit Community Champion

In what form was the $70k that the son inherited from his grandmother. Just getting cash, or CDs, or Life insurance proceeds does not change his taxable income of 'about $8k. Of course, it certainly changes (more than likely), the ability of the parent to claim him as a dependent. It does not, however, change her ability to be a HOH filer.

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dd4vols

Answer

Intuit Community Champion

In what form was the $70k that the son inherited from his grandmother. Just getting cash, or CDs, or Life insurance proceeds does not change his taxable income of 'about $8k. Of course, it certainly changes (more than likely), the ability of the parent to claim him as a dependent. It does not, however, change her ability to be a HOH filer.

If an answer solves your issue, click on the "Mark as Best Answer" button! Makes it easier for people to find answers to similar questions that have already been posted.