Does anyone know what would happen if a taxpayer who claimed a dependent child for 2020 agrees to take the advanced child tax credit starting in July but their ex will be claiming that same child for 2021 ?
I thought I read where the IRS was going to address this but not finding anything for sure yet. I know they shouldn't do it if not claiming this same child on their 2021 taxes but I've been asked the question a few times lately.
Thanks for any help!