Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
A. Itâs up to you. Since he qualifies as a qualifying child for each of you, either parent may claim the child as a dependent. If you canât decide, the exemption goes to whichever of you reports the higher Adjusted Gross Income on your separate tax return.. The answer depends on how much money your daughter made in 2014. If she made less than $3,950 and you provided more than half of her support for the year, then she can be claimed as your dependent as a qualifying relative. The same rules apply to your grandchildren.