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Updated almost 9 years ago on . Most recent reply

User Stats

187
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61
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Kyle Scofield
  • Real Estate Investor
  • Madison, SD
61
Votes |
187
Posts

College Student w/ LLC filing for taxes

Kyle Scofield
  • Real Estate Investor
  • Madison, SD
Posted

Can I still be claimed as a dependent on my parents taxes? How does this work?

Thanks in advance to anyone that answers!

- Kyle

Most Popular Reply

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Dave Toelkes
  • Investor
  • Pawleys Island, SC
837
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1,727
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Dave Toelkes
  • Investor
  • Pawleys Island, SC
Replied

@Logan Allec,

Kyle is a full time student under 24 years of age.  My understanding is that as a qualifying relative with his full time student status and age, Kyle can be claimed as a dependent on his parents tax return regardless of his income.

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