Just-Lisa-Now-
Level 15
02-22-2024
09:08 AM
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you cant use the same kid for dependent care credit on 2 returns, the one that isnt claiming the kid will have to pick it up as taxable income.
This may be all a moot point, Ive seen that some student loans look at Household income, not just the borrowers income, so splitting them up might not even help. They should really check into the nuances of the loan to make sure this is worth the hassle.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪