Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
The parent who claims the exemption for the child is the only parent who can claim the child tax credit. If you are the custodial parent, you can claim the dependent care credit for the child even if you canât claim the childâs exemption.If you are the non-custodial parent, you canât claim the dependent care credit even if you can claim the childâs exemption.f you are the non-custodial parent and are given the right to claim the child as a dependent you must also fill out a form 8332 from the IRS.