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February 18, 2020
Question

Can i claim the CRP form that my son received if he does not pay any rent but has over the recommended income to not claim him as an a dependent?

  • February 18, 2020
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Carl11_2
Employee
February 18, 2020

Don't know if this will help. But I'm jumping in here in case it does.

has over the recommended income to not claim him as an a dependent

If, on Dec 31 of the tax year your son was:

 - Under the age of 19

   ******************OR*******************

 - Under the age of 24 and;

 - Enrolled as a full time student for "any" "one" "semester" that started in the tax year and;

 - Was enrolled in an accredited educational institution and;

 - Was inrolled in a course of study that will lead to a degree or cetification and;

 - Did not provide more than half of his own support, then:

You the parent claim him as your dependent. Period. End of Story.

 In either case above your son's earnings do not matter. He could have earned a million dollars in the tax year, and still qualify as your dependent.

 Note also that there is no requirement for you the parent to provide your son any support. Not One Single Penny. The support requirement is on the student, and *ONLY* the student. SO if your son did not provide more than half of his own support regardless of his earnings, he qualifies as your dependent.

Also note that third party income, such as scholarships, grants, 529 distributions, gifts from Aunt Mary, money from *you*,  *does* *not* *count* for the student providing their own support. There are only two possible ways for a student to provide more than half of their own support.

1) The student was self-employed or had a W-2 job and has sufficient income that exceeds all third party support received by the student, and it's enough to justify the student providing more than half of their own support.

 2) The student is the *PRIMARY* borrower on "qualified" student loan, and sufficient funds were distributed to the student during the tax year to justify a claim of providing more than half of their own support. The amount distributed must also be more than all third party support received in the tax year.

 

So where do you stand now? Without knowing how old your son was on Dec 31 of the tax year and if he's a college or high school student, I can't begin to guess and very well may have wasted your time with the above information.