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Level 1
February 11, 2021
Question

Can someone answer this question, the kids monies that was received on a joint return is it allocated 50/50 to each parent?

  • February 11, 2021
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1 reply

Level 15
February 11, 2021

If you mean the money the PARENTS received BASED on the kids based on a MFJ return, yes, each parent is allocated 50%.