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.
Can both my husband and I claim our one child on separate tax returns? My wife and I have been separated for the entire year. Our child lived with me most of the year, and my wife paid most of the support. Which one of us can claim our son as a dependent?