topic How can I enter adoption credit carry forward in Deductions & credits

How can I enter adoption credit carry forward

aminoacid12 — Mon, 02 Dec 2024 23:15:14 GMT

Hello, I filed last year (2023) and exceed the maximum allowed of $15,950. How do I enter credit carry forward for 2024? Is there a row on (2023) 8839 form that specify that amount? Say the total qualified adoption expenses is $X, is the amount $X - $15950 correct for 2024 form for carrying forward from 2023? Thanks!

Re: How can I enter adoption credit carry forward

DoninGA — Mon, 02 Dec 2024 23:25:24 GMT

In the Adoption Credit section you will be asked about a carryforward from the prior tax year.

On the Form 8839 the carryforward amount is entered on Line 13.

Re: How can I enter adoption credit carry forward

aminoacid12 — Tue, 03 Dec 2024 01:10:33 GMT

Thank you for your answer. If my qualified adoption expenses (2023 Form 8839 - line 5 is $16,950), on 2024 Form 8839 Line 13, can I enter $16,950 - $15,950 (last year max) = $1,000?

Re: How can I enter adoption credit carry forward

DoninGA — Tue, 03 Dec 2024 01:18:51 GMT

If you had a $1,000 adoption credit carryover from 2023 then it would be entered on the 2024 Form 8839.

Re: How can I enter adoption credit carry forward

aminoacid12 — Tue, 03 Dec 2024 01:33:53 GMT

Understood. Thank you!

Re: How can I enter adoption credit carry forward

zielot111 — Wed, 19 Feb 2025 21:02:11 GMT

on my 2023 tax return, form 8839, lines 13, 14, 15 and 16 all have the same dollar amount. do i still use what is on line 13 for the 2024 carryforward amount?

Re: How can I enter adoption credit carry forward

MaryK4 — Wed, 19 Feb 2025 21:28:41 GMT

No, if line 15 is not smaller than line 14, you do not have a credit carryforward. @zielot111