CPA · Question 29 · Area IV: Individual Taxation
A single taxpayer provides more than half the support for a parent who lives in a nursing home. The parent received $3,000 in taxable interest income and $8,000 in non-taxable Social Security benefits. The parent has no other income. Can the taxpayer claim the parent as a dependent?
Answer options:
Yes, because the parent is a qualifying relative.
No, because the parent does not live with the taxpayer.
No, because the parent's income exceeds the gross income limitation.
No, because the parent is in a nursing home.
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