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    Child's return

    I have a return for a 4 year old child that has about $10,000 in investment income. He is disabled and the investment funds pay his medical expenses. Can I claim the medical expenses on the child's return, or should they be claimed on the parents return?

    #2
    If paid using the child's funds, it is deductible on the child's return.

    Maybe, however, the child's parents are in a higher tax bracket, and would receive a better tax benefit from the deduction. You would have to run the numbers to see which way is better.

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      #3
      Child

      If the bills are paid from the child's funds, I see no alternative then to claim on child's return.

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        #4
        Doesn't this depend on if parents can claim child as their dependend?

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          #5
          Kiddie tax

          >>child's parents are in a higher tax bracket<<

          Kiddie tax is same tax bracket.

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