Which of the following is a required condition for the dependency exemption transfer?

The requirement for the transfer of the dependency exemption involves specific criteria that must be met. In this context, the correct condition is that the custodial parent must sign a declaration of release. This declaration allows the non-custodial parent to claim the child as a dependent for tax purposes, even if the child primarily resides with the custodial parent.

This process is critical because it recognizes that tax benefits associated with dependent exemptions can be shared between parents, even if they don't share physical custody equally. By signing the release, the custodial parent provides the necessary authorization for the non-custodial parent to claim this deduction, which can significantly affect the tax filings for both parents involved.

The other options pertain to various aspects of custody and support but do not align with the specific requirements necessary for transferring the dependency exemption. For instance, both parents filing jointly is not a requirement for the non-custodial parent to claim the exemption, nor does having equal time with the child relate to the dependency exemption transfer process. Furthermore, while the non-custodial parent's support contribution is relevant for child support considerations, it does not pertain to their ability to claim the exemption directly. Thus, the signed declaration by the custodial parent is the