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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120794  
Subject: Re: student tax concern... Date: 2/11/1999 6:58 PM
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[[ I have a question that may be more complicated than it sounds. I am a full time
student that is no longer living with or actually dependent on my parents, BUT I
am still eligible for health insurance under their policy at a very good price,
provided I am a dependent.]]

You either are or you aren't. You can read more about dependent issues in the Taxes FAQ area. Check it out.

[[ My question comes in because I'm trying to buy the car that I have been using
from them and get car insurance under my name as well. This would mean that
there is no logical way that they could be seen as providing 50% of my living
expenses which would have to be the case for me to be a dependent, from what
I understand.]]

Then you don't sound much like a dependent to me.

[[ First, is it possible for them to claim me as a 'exemption', but not as a
dependent? ]]

Nope...they are one and the same. You can't have one without the other.

[[Second, what does this mean as far as the health insurance
company?]]

That I don't know...sorry...you'll have to check with the insurance company on that point.

[[ Any help would be much appreciated, especially if it could be emailed to my
address at EMBess@aol.com, as I don't visit this site that often and don't want
to miss it!]]

I'll e-mail it just this once. We generally don't e-mail responses, because we want you back to read all of the OTHER posts that may also apply to your situation. There is a wealth of information here. You really should use it.

TMF Taxes
Roy

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