Adoption credit

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  • Unregistered
    #1

    Adoption credit

    Hi all!

    Are grandparents who adopt their grandchild eligible for the adoption credit?

    Thanks and have a Happy Tax Season!
    Tags: None
    • RLymanC
      Senior Member
      • Sep 2005
      • 653
      #2
      Adoption Credits

      In the instructions for form 8839 it states that an eligible child is any child under the age of 18 or any disabled person physically or mentally unable to take care of him/her self.

      Sounds like the grandkids would be OK.
      Confucius say:
      He who sits on tack is better off.

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        • John of PA
          Senior Member
          • Jul 2005
          • 1104
          #3
          Adoption Credit Cfw.

          Just a reminder that the 10,000 Adoption credit, if not used up, can only be carried forward for 5 years. I have a return this year in which 5,000 of the credit will be lost (adoption was 5 years ago), and yes the tax software (Lacerte) brought in the 5 year rule automatically.

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