adoption credit

[JONI9611]

 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?

[Terry53029 · Accepted solution]

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

[JONI9611]

Thank You.

[Terry53029]

👌