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

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

Is anyone familiar with the Adoption Credit Carryforward? The amount showed by TurboTax does not seem to be correct. It seems very inflated (6.5 times higher).

I expected to carry forward only $45,000, but Turbo Tax indicates it will be $297,000!
Connect with an expert
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 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Is anyone familiar with the Adoption Credit Carryforward? The amount showed by TurboTax does not seem to be correct. It seems very inflated (6.5 times higher).

If the amount is incorrect, you can enter the correct amount in the "Adoption Credit Carry Forwards" screen in the Adoption section of TurboTax. You can look on your form 8839 from the previous year to determine what the correct carry forward amount is for the current year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
ThomasM125
Expert Alumni

Is anyone familiar with the Adoption Credit Carryforward? The amount showed by TurboTax does not seem to be correct. It seems very inflated (6.5 times higher).

If the amount is incorrect, you can enter the correct amount in the "Adoption Credit Carry Forwards" screen in the Adoption section of TurboTax. You can look on your form 8839 from the previous year to determine what the correct carry forward amount is for the current year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies