Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-02-2011, 03:40 PM
Junior Member
 
Join Date: Mar 2011
Posts: 3
Can my roommate claim me?

I had no earned income, but I had scholarships and grants of $6170. My roommate has paid all of the bills. Can he claim me? Do I need to file a return?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-02-2011, 03:43 PM
Junior Member
 
Join Date: Mar 2011
Posts: 3
Quote:
Originally Posted by Barbara Rees View Post
I had no earned income, but I had scholarships and grants of $6170. My roommate has paid all of the bills. Can he claim me? Do I need to file a return?
I think that I hit the wrong button!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 03-02-2011, 09:16 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,227
“I had no earned income, but I had scholarships and grants of $6170. My roommate has paid all of the bills. Can he claim me?”---->It depends on; as long as the whole amount of your scholarships and grants are treated as your taxable income, then your room mate CAN’T claim you as his/her dependent even though he/she provides you over half of your support; your gross income can’t be above the exemption amount, $3,650 in 2010.
“ Do I need to file a return?”--->It depends; your scholarship may count as income; if so, it will be taxed .For instance, if your sccholarship is used to cover: Room and board, Travel, Research, Clerical help, and Equipment. However, remember. If your award, for example, covers both tuition and room and board, the amount you use for tuition is tax-free, while the amount you use for room and board is taxable. Your grant is a scholarship or fellowship and is to be used for study at an educational institution that normally maintains a regular faculty and curriculum and normally has a regularly organized body of students in attendance at the place where the educational activities are carried on; grants to individuals for travel, study, or other similar purposes (including loans made for charitable purposes, and program-related investments) are taxable expenditures, unless the following conditions are met: your grant must be awarded on an objective and nondiscriminatory basis under a procedure approved in advance by the Service, and It must be shown to the satisfaction of certain Service. Though your scholarships and grants of $6,170 is counted as taxable income, you, I assume you are single, do not need to file your return; as your gross income, $6.170, is less than $9,350;$3,650+$5,700=$9,350.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #4 (permalink)  
Old 03-03-2011, 07:25 AM
Junior Member
 
Join Date: Mar 2011
Posts: 3
Smile Thank you

Thank you, the answer that you gave is exactly as I thought, but I didn't want to do anything wrong.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Who Can My Husband Claim? bkarma4life Filing Requirements 5 02-02-2011 03:10 PM
Trying to figure out how to claim my son smb0314 Filing Requirements 1 01-07-2011 01:45 PM
who can claim dependent? Karabous Filing Requirements 0 02-17-2010 10:38 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning