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. Assume Dan has an elderly parent who could be considered his qualifying relative for dependency purposes on his 2 0 2 3 tax return.

. Assume Dan has an elderly parent who could be considered his qualifying relative for dependency purposes on his 2023 tax return. As a financial advisor, what tax ramifications would need to be discussed with Dan before he decided to file his return? What about the parents return? Please be detailed with your response.

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