Can take as an exemption on parent's tax form FT student who made $6300 in the summer as an intern?

Paying for College
1

<p>son,21, is a FT residential student (jr), and made $6.3k in wages in a summer job last summer. can he be taken as an exemption on our 2013 tax return?</p>

2

<p>Yes. If

See <a href=“http://www.irs.gov/publications/p17/ch03.html”>http://www.irs.gov/publications/p17/ch03.html&lt;/a&gt;&lt;/p&gt;

3

<p>I’m claiming my son who made $17.5k in 2013 from an internship and work during the school year. You need to look at the qualifying child tests in Pub 501, especially the support test. There is a support worksheet too.</p>

<p>I went through all my son’s credit card and checking statements and determined he spent about $3950 on his support. The rest is still sitting in savings accounts. Only dependent’s funds that they actually spent on their support is considered support the child provided themselves. What they saved isn’t money they spent on support. The first 5 lines of the support worksheet reconcile this.</p>

<p>Then I went through the rest of the support worksheet and determined we spent more than that on his support. Just have good doc and be able to explain it to the IRS if it’s questioned. I’m confident of my situation.</p>

<p>Start reading on page 13:</p>

<p><a href=“http://www.irs.gov/pub/irs-pdf/p501.pdf”>http://www.irs.gov/pub/irs-pdf/p501.pdf&lt;/a&gt;&lt;/p&gt;

4

<p>Thank you for the link. If you look on left box on page 12, how does living at College figure for #3?</p>

5

<p>Is that considered a temporary absence (footnote 2 on page 12 IRS publication referenced), since their official residence is at our home?</p>

6

<p>The tables are helpful as a quick reference but always read the text for the details:</p>

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<p>From page 14.</p>

7

<p>Thank you, ADad! I understand now. I’ll do better reading in the future.</p>

8

<p>Hey, I know you’re busy. :slight_smile: </p>

9

<p>4kidsdad, hey, thanks! I just read the pub. you linked, at least the parts that apply to my family. Am I reading correctly that scholarship money is not included at all, when applying the support test? I assumed this would be the last year we could claim D as dependent, because of scholarship $$. I’ve been meaning to look up on IRS site and read to be sure, but keep putting it off. This is good news. </p>

<p>And annoyingdad, thanks to you too.</p>

10

<p>You are correct:</p>

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<p>Page 15, pub 501.</p>