Max W Posted March 14 Report Posted March 14 Standard deduction is being calculated for dependent even though the 1040 box is checked for being claimed as dependent. Dependent is 21, full time student and earned $25K. I just wonder if anyone else using drake has run into this. Quote
jklcpa Posted March 14 Report Posted March 14 In this case it should be $14,600. What is Drake coming up with? 2 Quote
Randall Posted March 14 Report Posted March 14 Yes, full standard deduction is allowed if they made more than that. 2 Quote
Max W Posted March 15 Author Report Posted March 15 17 hours ago, jklcpa said: In this case it should be $14,600. What is Drake coming up with? OK, then it is right. This is the only 1 of 2 clients I have now that has dependents, so I'm not much up on it. Thank you all. 1 Quote
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