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jman9072
New Member

If I don't use all of the adoption tax credit by the fifth year, does it just drop off or is there someplace else it gets listed?

We adopted two brothers in 2014, but do to our lower income, most of the credit just keeps rolling over. This is the last year we are eligible for this, however, TurboTax still says it will be carried over to next year. What will really happen with it?

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2 Replies
AlanT
Expert Alumni

If I don't use all of the adoption tax credit by the fifth year, does it just drop off or is there someplace else it gets listed?

Unfortunately, if you do not use all of the credit within the 5-year rollover period, you will lose the balance of the credit.

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If I don't use all of the adoption tax credit by the fifth year, does it just drop off or is there someplace else it gets listed?

You claimed the credit in 2014 then can carry forward to the next 5 years (2015-2019). So you get one more carryforward to 2019. Hopefully next year TurboTax will show that you cannot carryforward again.

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