You can claim your child as a dependent, regardless of age, as long as you meet all of the requirements. For example, you child can’t have gross income in 2017 of more than $4,050 and you must furnish more than half of his/her support. Note: For 2018 through 2025, there is no dependency exemption.
A statutory term used to figure your profit or loss on a sale or exchange. Generally, it is sales proceeds plus mortgages assumed or taken subject to, less transaction expenses, such as commissions and legal costs.