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Where is the adoption tax credit to be entered?
We adopted a little boy this year, but I don't see anywhere that was asked or mentioned? And I know there is an adoption credit?
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Where is the adoption tax credit to be entered?
Per the IRS, for both the credit and the exclusion, qualified adoption expenses, defined in section 23(d)(1) of the Code, include:
- Reasonable and necessary adoption fees,
- Court costs and attorney fees,
- Traveling expenses (including amounts spent for meals and lodging while away from home), and
- Other expenses that are directly related to and for the principal purpose of the legal adoption of an eligible child.
For more information, please see the IRS link:https://www.irs.gov/taxtopics/tc607.html
In TurboTax, please do the following:
- Federal Taxes
- Deductions & Credits
-
You and Your Family
- Adoption Credit, please click Start
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