turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Adoption expenses incurred 2016. Adoption finalized Jan. 2017. Does this mean tax credit cannot be claimed until 2018? What tax breaks would we have for this year?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Adoption expenses incurred 2016. Adoption finalized Jan. 2017. Does this mean tax credit cannot be claimed until 2018? What tax breaks would we have for this year?

It is kind of funky how it works ... but the expenses paid in 2016 cannot be taken on the 2016 return because the adoption was not final in 2016. There is a delay feature ... but since the adoption will be final in 2017, the 2016 costs + any incurred in 2017 will all be deductible on the 2017 return filed in early 2018. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question