Question

If the taxpayer retired on disability, the amount reported on Form 1099-R, with code 3 in Box 7, is considered wages if:

Choose one answer.

	a. They are able to continue to work at least part time.
	b. If at the time of payment they had reached the employer's minimum retirement age.
	c. If at the time of payment they had not yet reached the employer's minimum retirement age.
	d. 1099-R entries are never considered as wages.

All of the following are required for a noncustodial parent to claim a child as a dependent except:

Choose one answer.

	a. The parents did not live together for the last six months of the year.
	b. The custodial parent signed Form 8332.
	c. The child received over half of their support from the parents.
	d. The child lived with the noncustodial parent for at least part of the year.

Answer 1

a)Answer- C

The amount reported in Form 1099- R with code 3 in Box 7 will be reported as wages, only if at the time of the payment the taxpayer has not reached the employer's minimum retirement age.

b) Answer- D

All 3 conditions must be satisfied to claim a child as dependent by non custodial parent. For condition D, it should be that, the child lived with one or both parents for more than half of the year.