Question

EXA R 29, 6. 5900 c. $2,200 d. 52.550 c. None of these 6. Kyle and Liza are married and under 19-year old daughter, Kendra, who lives $15.000 from a part-time oh most of which she sets more than half of the support of Ky 0, has for many years qualified as their dependent. How a. None b. One c. Two d. Three 65 years of age. During 2019, they furnish more than half of the support of their ves with them. She graduated from high school in May 2018. Kendra earns she set aside for future college expenses. Kyle and Liza also provide of Kyle's cousin well with them. Liza's father, who died on January 3, 2019, at age ent. How many dependents can Kyle and Liza claim? um for 2016. He did not remarry but has continued to T hus in 2019?

Answer 1

Answer 6) Option D (Three) {All three of them qualify as dependents as per IRS Rules)

IRS Rule

The IRS rules for qualifying dependents cover just about every situation, from housekeepers to emancipated offspring.

The basic rules will cover almost everyone. Here’s how it works.

There are two types of dependents, each subject to different rules:

• A qualifying child
• A qualifying relative

For both types of dependents, you’ll need to refer to the following points to determine if you can claim them.

• The person must be a U.S. citizen, a U.S. national, U.S. resident, or a resident of Canada or Mexico. Many people wonder if they can claim a foreign-exchange student who temporarily lives with them. The answer is maybe, but only if they meet this requirement.
• You can’t claim someone who takes a personal exemption for himself or claims another dependent on his own tax form.
• You cannot claim someone who is married and files a joint tax return. Say you support your married teenager son: If he files a joint return with his spouse, you can’t claim him as a dependent.

Qualifying child

In addition to the qualifications above, to claim an exemption for your child, you must fulfill following criteria.

• The child can be your son, daughter, stepchild, eligible foster child, brother, sister, half brother, half sister, stepbrother, stepsister, adopted child or an offspring of any of them.
• Your child must be under age 19 or, if a full-time student, under age 24. There is no age limit if your child is permanently and totally disabled.
• Your child must live with you for more than half the year, but several exceptions apply.
• Your child may have a job, but that job cannot provide more than half of her support.
• This requirement applies to children of divorced parents. Here you must use the “tie breaker rules,” which are found in IRS Publication 501. These rules establish income, parentage and residency requirements for claiming a child.

Qualifying relative

Many people provide support to their aging parents. But just because you mail your 78-year-old mother a check every once in a while doesn’t mean you can claim her as a dependent. Here is a checklist for determining whether your mom (or other relative) qualifies.

• Your relative must live at your residence all year or be on the list of “relatives who do not live with you” in Publication 501. About 30 types of relatives are on this list.
• Your relative cannot have a gross income of more than $4,200 in 2019 and be claimed by you as a dependent.
• You must provide more than half of your relative’s total support each year.
• This means you can’t claim the same person twice, once as a qualifying relative and again as a qualifying child. It also means you can’t claim a relative—say a cousin—if someone else, such as his parents, also claim him.