Financial reasons regarding federal income tax return, Accounting Basics

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Financial reasons regarding federal income tax return

Caden and Lily are divorced on March 3, 2011. For financial reasons, however, Lily continues to live in Caden's apartment and receives her support from him. Caden does not claim Lily as a dependent on his 2011 Federal income tax return, but he does so on his 2012 return. Explain.

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Accounting Basics: Financial reasons regarding federal income tax return

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