Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Author: Rusman77 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Dependent ? Date: 2/9/2001 12:53 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I supported my brother this past year, but his W2s came in and he has made just over $2800, which is the limit for claiming as a dependent, correct? If so, is there any way I can still claim him legally?
I have provided way more than 50% of housing, food, and other costs.

Thanks.
Print the post Back To Top
Author: euphoriant Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46019 of 121219
Subject: Re: Dependent ? Date: 2/9/2001 8:27 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I supported my brother this past year, but his W2s came in and he has made just over $2800, which is the limit for claiming as a dependent, correct? If so, is there any way I can still claim him legally?
I have provided way more than 50% of housing, food, and other costs.


I'm not 100% sure if I'm right on this one or not, but I think so (I really wish TMF didn't lay off those smart people). I believe you can claim him as a dependent as long as he does not claim himself as a dependent on his return.

I'm fairly certain that's correct. You see, only person can claim this. You are both eligible, so whoever can get the greatest tax advantage should be the one to do it. You just have to make sure that both of you don't claim him or you'll both probably get letters and stuff.

Good luck,
e


Print the post Back To Top
Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46100 of 121219
Subject: Re: Dependent ? Date: 2/9/2001 10:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
I supported my brother this past year, but his W2s came in and he has made just over $2800, which is the limit for claiming as a dependent, correct? If so, is there any way I can still claim him legally?

Sorry, but no. He fails the gross income test, and that's enough to kill the dependency exemption for you. Without being too overt, be sure your wife knows what a good person you are.

Phil Marti
VITA Volunteer

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement