seminolecpa
Past President
Not true.
IRC (internal Revenue Code) 152(a) states that an individual will be considered a dependent if they satisfy either the "qualifying child" or the "qualifying relative" requirement.
Qualifying child is defined as having relationship, age, principal place of abode and support.
Relationship- must be a son, daughter,stepchild or descendent of shuch child or a brother, sister, stepbrother/sister or descendent of such relative
Age- child must not have attained the age of 19 by the end of the calendar year or must be a student that has not attained the age of 24 by the end of the calendar year.
Principal place of abode-must have the same principal place of abode as the taxpayer for more the 1/2 of the year
Support-the child must not provide more then 1/2 of their own support for the year
more to come
IRC (internal Revenue Code) 152(a) states that an individual will be considered a dependent if they satisfy either the "qualifying child" or the "qualifying relative" requirement.
Qualifying child is defined as having relationship, age, principal place of abode and support.
Relationship- must be a son, daughter,stepchild or descendent of shuch child or a brother, sister, stepbrother/sister or descendent of such relative
Age- child must not have attained the age of 19 by the end of the calendar year or must be a student that has not attained the age of 24 by the end of the calendar year.
Principal place of abode-must have the same principal place of abode as the taxpayer for more the 1/2 of the year
Support-the child must not provide more then 1/2 of their own support for the year
more to come