Adoption

[Bjorn]

Expenses were paid in 2006

Adoption NOT final by end of 06.

Do we need to file any forms for 2006 tax year?

Thanks

[superman]

it depends

it depends if this is a international adoption or domestic. International only in the year finalized and domestic in the yr expenses paid. Expection is special needs I think.


I love Hawaii

[Dervis]

Adoption expenses

Expenses paid in 2006 for a domestic adoption can be used for a tax credit on the 2007 tax return. One of the few cases in which you have to wait a year to claim the expenses. In the year the adoption is finalized, all unused expenses can be used. So if the adoption is finalized this year, expenses for both 2006 and 2007 can be claimed on the 2007 tax return.