I have a couple (not married) who adopted a child last year. They came in telling me they were entitled to a $13,000 tax credit. I am aware of the adoption credit. They did not spend ANY MONEY for the adoption. It is not a special needs child. I told them they aren't entitled to the adoption credit. Credit? Not sure why?
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Originally posted by zeros View PostI have a couple (not married) who adopted a child last year. They came in telling me they were entitled to a $13,000 tax credit. I am aware of the adoption credit. They did not spend ANY MONEY for the adoption. It is not a special needs child. I told them they aren't entitled to the adoption credit. Credit? Not sure why?
Of course the bigger question is who actually adopted the child as they are not married (only one of them gets the credit).
Chris
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Originally posted by zeros View PostI have a couple (not married) who adopted a child last year. They came in telling me they were entitled to a $13,000 tax credit. I am aware of the adoption credit. They did not spend ANY MONEY for the adoption. It is not a special needs child. I told them they aren't entitled to the adoption credit. Credit? Not sure why?
Think you would need to review specifics of the adoption credit and ask ciients questions first.
Start with TTB tab 11-4Always cite your source for support to defend your opinion
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