We paid adoption expenses in 2015 and 2016 for adoption of grandchild. The adoption was final in 2016. Can I deduct 2015 and 2016 expenses. Turbo tax states to only enter 2016 expenses
You'll need to sign in or create an account to connect with an expert.
Yes, you can deduct adoption expenses incurred in both 2015 and 2016 for an adoption finalized in 2016.
TurboTax makes this clear on the screen entitled "Credit for Adoption Expenses" when it says "Paid adoption expenses in 2015 or 2016". Later, during the Adoption Credit interview, TurboTax will ask you fo the 2015 expenses on one screen, and the 2016 expenses on the next screen.
This is in line with what the IRS permits – see the IRS webpage on Topic 607.
Yes, you can deduct adoption expenses incurred in both 2015 and 2016 for an adoption finalized in 2016.
TurboTax makes this clear on the screen entitled "Credit for Adoption Expenses" when it says "Paid adoption expenses in 2015 or 2016". Later, during the Adoption Credit interview, TurboTax will ask you fo the 2015 expenses on one screen, and the 2016 expenses on the next screen.
This is in line with what the IRS permits – see the IRS webpage on Topic 607.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
eleung67
Returning Member
user17730086063
New Member
jsspauld
Level 1
scarp1
Level 1
janjimr
New Member