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Joined: Nov 2002
Posts: 125
Member
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Member
Joined: Nov 2002
Posts: 125 |
I have a question about people who have joint physical custody.
My H said he wants a divorce. He wants us to sell our house in the spring and separate. Of course we have to be separated for a year. But my question is this--
When two people share joint physical custody of the kids and split all their monetary needs--who claims the kids on their tax return??
I think in joint physical custody there is no real primary residence. Both houses would be primary residences.
Thanks to those who respond. I'm just getting all my ducks in a row.
OH, I live in Virginia if that makes any difference.
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Joined: Feb 2002
Posts: 4,199
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Member
Joined: Feb 2002
Posts: 4,199 |
This is what I've heard.
In most cases, you each claim one of your two children. Then when only one can be claimed, you alternate years.
However, if one spouse makes a great deal more money and needs the tax break, the other spouse can sign away their right to claim the child that year.
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