Doubtful.The IRS says that dependents must:1. live with you the entire year, or be a specific relative (such as parent or child)2. be a U.S. citizen or resident for at least part of the tax year3. do not file a joint return with another person (unless done so only to receive a refund)4. has gross income less than $2800 for 20005. has more than half their total support provided by you.I think your parents would fail test 2, being a US citizen or resident. But see http://www.irs.gov/forms_pubs/pubs/p50104.htm for more information.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra