Amy, who is 11 years old, lives in the same household with her father, grandfather, and...

Amy, who is 11 years old, lives in the same household with her father, grandfather, and uncle. The cost of maintaining the household is provided by her grandfather (35%), father (35%) and her uncle (30%). Disregarding the tie-breaker rules, Amy would be a qualifying child as to:

a. Only her father b. Only her grandfather and uncle. c. Only her uncle d. All parties involved (i.e., father, grandfather, and uncle). e. None of these

Solutions

Expert Solution

Amy will be a qualifying child to

d. All parties involved (i.e., father, grandfather, and uncle)

As per the rules your son, daughter, adopted child, stepchild, foster child or a descendent of any of them, such as your grandchild and brother, sister, half brother, half sister, step brother, step sister or a descendant of any of them, such as a niece or a nephew can be a qualifying child. The child must have the same main home as you (or your spouse if filing a joint return) in the United States for more than half of the tax year for the child to be a qualifiying child of yours . In the given question The child with father , grandfather and uncle and all the three live in the same house with the child and has the relationship with the child to claim the child as the qualifyin child .As per the law the cost of maintaining household has nothing to do with the claim for qualifying child. So all the three has the rignt to claim Amy as their qualifying child. As peer the law if a child is a qualifying child of more than one person and one of the persons is a parent, a non-parent can claim the child if no parent claims the child and the nonparent's Annual Gross Income is higher than the Annual Gross IncomeI of any parent who may claim the child.

ekkarill92 answered 1 year ago

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