Bottom line – only one child custody dependency exemption may be claimed. Sometimes, both parents will claim the exemption. That generates a “letter from the IRS. The exemption belongs to the party who has the child “mostly.” That’s the primary or the person with the exclusive right to designate the residence of the child. The exemption can be assigned to a parent by agreement, i.e., non-primary, usually but not always Father, is assigned the exception by agreement. Form 8332 For more information, click on the hyperlink.
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