In: Accounting
Is this child qualify as a qualifying relative or child on her parents tax return?
Lauren is 18 and works as an actress. She has done this for several years, making $150,000 a year. However, her parents have placed all of her income in a trust account, and Crystal and Christopher continue to support her. She does not live at home, except during holidays.
No Lauren is neither qualifying relative nor qualifying child of taxyer. Below is the answer with reason attached.