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Adoption Tax Credit
Originally Posted By John & Justine Thomas
We paid an adoption agency $2,900.00 in 1998 and the balance of $3,100.00 in 1999. We have not been chosen by a birthmother yet. Can we take the $2,900.00 tax credit on our 1998 taxes? A friend who is a CPA told us NO we had to take the credit in 1999 but we called the IRS and they said YES we could take the amount we paid in 1998 ($2,900.00) on our 1998 taxes. We have read Publication 968 (Tax Benefits for Adoptions) but it is unclear. Which is it?
Thanks, John & Justine
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