Anna, age 65, who lives with her unmarried son, Mario, received ($7,000, ) which was used for her support during the year The sources of support were as follows The Social Security benefits are wholly tax exempt in this situation Assume a multiple support agreement (Form 2120) is properly filed a W...

a Mario and Elaine To be eligible to claim Anna as a qualifying relative under a multiple support ag ...

Anna, age 65, who lives with her unmarried son, Mario, received ($7,000,) which was used for her

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Anna, age 65, who lives with her unmarried son, Mario, received $$7,000,$ which was used for her support during the year. The sources of support were as follows:

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The Social Security benefits are wholly tax-exempt in this situation. Assume a multiple support agreement (Form 2120) is properly filed.

a. Who is eligible to claim Anna as a qualifying relative?

b. If Mario wants to claim Anna as a qualifying relative, who must agree to it?

c. If Mario claims Anna as a qualifying relative, what is his standard deduction?

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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Question Posted: Apr 05, 2024 01:00 AM

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Anna, age 65, who lives with her unmarried son, Mario, received ($7,000,) which was used for her

Question:

Social Security benefits $1,500 Mario 2,600 Caroline, an unrelated friend 800 Doug, Anna's son 500 Elaine, Anna's sister 1,600 Total $7,000

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Pearsons Federal Taxation 2024 Individuals

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