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 Two or More People (such as Divorced Parents) Claim the Same Child as a Dependent? Only one taxpayer may generally claim any one person as a dependent on a tax return (except, of course, in the case of a married couple filing jointly).