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For details, see Dependents in Pub. 501. Qualifying relative. To be your de- pendent (defined earlier), a person must be either your qualifying child (defined earlier) or your qualifying rela- tive. Generally, a person is your quali- fying relative if that person: • Lives with or is related to you, • Has less than $4,300 of gross (to- tal) income, • Is supported (generally more than 50%) by you, and • Is neither your qualifying child nor the qualifying child of anyone else. For details, see Dependents in Pub. 501. Standard deduction. An amount that can be subtracted from adjusted gross income in figuring taxable income. The standard deduction isn’t used if item- ized deductions are claimed. Support. All amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. To figure your child's sup- port, count support provided by you, your child, and others. However, a scholarship received by your child isn’t considered support if your child is a full-time student. See Pub. 501 for de- tails. Tax year. The time period covered by a tax return. Usually, this is January 1 through December 31, a calendar year, but taxpayers can elect a fiscal tax year with different beginning and end- ing dates. Taxable income. Gross income mi- nus any adjustments to income and ei- ther itemized deductions or the stand- ard deduction. Unearned income. Income other than earned income. This is invest- ment-type income and includes inter- est, dividends, and capital gains (in- cluding capital gain distributions), rents, royalties, etc. Distributions of in- terest, dividends, capital gains, and other unearned income from a trust are also unearned income to a beneficiary of the trust. However, for purposes of completing Form 8615, a taxable distri- bution from a qualified disability trust is considered earned income. Unrecaptured section 1250 gain. Generally, any part of your net capital gain from selling section 1250 property (real property) that is due to deprecia- tion. For details, see Pub. 550. 28% rate gain. Gain from the sale of collectibles and, generally, the taxable part of your gain from the sale of quali- fied small business stock held more than 5 years. For details, see the In- structions for Schedule D (Form 1040). Page 24 Publication 929 (2021)