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We started adopting in 2016. All of the fees were paid in 2016 and we had eligible travel expenses and it finalized in 2017. Do I put 2016 expenses in the carryforward?
Turbo tax is reporting a larger refund then the $13k that is allowed and I am not sure if this is correct.
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June 5, 2019
3:15 PM
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Deductions & credits
If your income was $203,540 the maximum credit for 2017 is $13570 per child. Because the adoption was finalized in 2017, you want to enter the 2016 and 2017 expenses this year and then carry forward any excess.
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June 5, 2019
3:15 PM
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Deductions & credits
It was just confusing because it said only enter eligible expenses paid this year and then after said to put any expenses from 2016 that are carry forward, but I didn't have a carry forward filed. With the taxes I paid I get the full 13570 back this year. So that means I can't claim any more correct?
June 5, 2019
3:15 PM