30 Yr old dependent

[SMF]

Single parent has 30 year old child living at home. Child made no
income and was a college student. Appears that :
- child qualifies as dependent - qualifying relative
- Parent qualifies as HOH
- Parent eligible to claim college tuition paid for child

Seems too good to be true, but keep seeing more of this with jobs hard
to find for these college graduates and them returning to school and
home.

Look ok to you? Thanks

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[Katie in San Diego]

On Feb 9, 2:46 pm, SMF <smf...@comcast.net> wrote:
> Single parent has 30 year old child living at home.  Child made no
> income and was a college student. Appears that :
> - child qualifies as dependent - qualifying relative
> - Parent qualifies as HOH
> - Parent eligible to claim college tuition paid for child
>
> Seems too good to be true, but keep seeing more of this with jobs hard
> to find for these college graduates and them returning to school and
> home.
>
> Look ok to you?  Thanks
>

Looks OK to me. See Pub 17, p. 24, chart. Qualifying relative, lived
with t/p more than half the year, related (child) such that he does
not have to live with t/p the entire year, and eligible for an
exemption. Makes him a qualifying person.

See also IRC Sec. 2(b)(1)(A)(2).

Katie in San Diego

[paulthomascpa]

"SMF" <smf...@comcast.net> wrote

> Single parent has 30 year old child living at home. Child made no
> income and was a college student. Appears that :
> - child qualifies as dependent - qualifying relative
> - Parent qualifies as HOH
> - Parent eligible to claim college tuition paid for child
>
> Seems too good to be true, but keep seeing more of this with jobs hard
> to find for these college graduates and them returning to school and
> home.
>
> Look ok to you? Thanks

Depends on if I'm the parent or the child.

I just had one like this, 36 year old I believe, whose income was zero and
living back with mom, who is single.



--
Paul Thomas, CPA
www.paulthomascpa.com