In Order to Claim a Dependency Exemption for Other Than

question 157

Essay

In order to claim a dependency exemption for other than a qualifying child, a taxpayer must meet the support test. Generally, this is done by furnishing more than 50% of a dependent's support. What exceptions exist, if any, where the support furnished need not be more than 50%?

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Definitions:

Preemptive Rights

The right of existing shareholders to purchase new shares before they are offered to the public, to maintain their proportionate ownership.