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Level 4
Feb 24, 2024 4:59 PM UTC
Solved

adoption credit

 Adoption was finalized in 2023. Two children were adopted. Client has expenses from 2021 for child one. Should I go back and amend 2021 to get credit carry forward to 2023 or can I put it on with 2023 expenses? Second child has behavioral issues. I believe that would make him eligible for special needs credit. There are no expenses for 2nd child but he would still get credit. Correct?

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Intuit Community Champion
Feb 24, 2024 5:52 PM UTC

The adoption credit has timing rules for expenses. Here is a link so you can apply them to your client.

https://www.irs.gov/taxtopics/tc607

3 replies

Intuit Community Champion
Feb 24, 2024 5:52 PM UTC

The adoption credit has timing rules for expenses. Here is a link so you can apply them to your client.

https://www.irs.gov/taxtopics/tc607

JONI9611Author
Level 4
Feb 24, 2024 9:54 PM UTC

Thank You.

Intuit Community Champion
Feb 24, 2024 9:56 PM UTC

👌