Form 8832, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent
Form 8332 allows a custodial parent to release a claim to an exemption for their child, this allows the noncustodial parent to claim an exemption for the child.
Form 8332 can be filed out to release the exemption for one tax year (Part I) or for all future tax years (Part II).
Form 8332 can also be filed to revoke a release of an exemption previously released (Part III).
In order for a noncustodial parent to claim any credits for a child, they must have 8332 signed by the custodial parent.
Form 8332 must be binary attached to the tax return.
Follow the instructions below to correctly enter the Form 8332:
Select Add Form.
Begin by typing 8332, into the search bar at the bottom of the All Forms and Schedules Menu.
Select Form 8332. Double-click to add the form.
If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
Complete the 1099-K, filling in all applicable sections.
Linking Form 1099-NEC To SCH C
1099-K must be linked to the appropriate form either SCH C (profit or loss from a business), SCH E (supplemental income), or SCH F (profit or loss from farming). 1099-K's received for goods or services must be linked to SCH C.
Begin by adding the appropriate schedule to the tax return (SCH C, E, or F).
Navigate to the 1099-K. Select the Link to (1040, SCH C, E, or F) box in box 1a of Form 1099-K.
Select Choices from the Active Options Window.
Select the SCH you wish to link to. Double-click to link.
You can view the linked income on SCH C Line 1.
