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.
The answer for most parents is yes.. But, as is often the case with tax questions, determining who can be claimed as a dependent is not always a clear-cut exercise. Dependent claims aren't limited to children. An adult relative could qualify as a taxpayer's dependent as long as he or she meets certain IRS conditions.