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Taxpayer's child turned 24 in 2018, was a student and made $5,000 of self-employed income. After expenses, it's $3,000. Can she be a dependent still?"

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Level 15
Level 15

Nope, 24 or older and gross income over the limit, cant be a dependent anymore.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 11
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If the self employment was in  merchandising with inventory, then you can deduct COGS from gross. If that takes income under $4150, then if she meets all other rules she could be a dependent
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Level 15
Level 15

Nope, 24 or older and gross income over the limit, cant be a dependent anymore.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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