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Deductions & credits
Thank you for sharing this information. Just to clarify, you had a Carryover Credit from Adoption Expenses in the past but for tax year 2021, it was past the five year limit to carry those expenses forward but Form 8839 is still generated? Is that correct? We sanitized the return you provided and it no longer had the dates for the original adoption for me to view.
This credit is non-refundable and this means the amount of the credit is limited in a given year to a taxpayer's taxes due but any credit leftover can be carried forward for up to five years.
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March 8, 2022
9:25 AM