[heikkila]

Someone please tell me if I am reading this right...

According to the IRS publication a failed attempt to adopt one child and a subsequent successful attempt to adopt another child are all treated as one adoption????

So if I had $18,000 spent on a failed domestic adoption last year, then spent $27,000 on a successful international adoption, I can only claim $10,320 of the $45,000 that I spent?

At one time I was told that I could claim the $10,000+ for each one, but the way I read it now, I think basically I won't get any help with the expenses for the failed adoption.

Suggestions?

[tobeafamily]

Yes, you are reading this correctly. If you have one failed placement, then subsequently adopt, it's one tax credit. IRS considers it one "event" b/c one child is adopted (regardless of the # of connections/failed placements). The only way you'd have been able to claim twice is if three tax years lapsed between attempts.

You can only claim the $10,320 tax credit, this can carry forward for up to 5 years if you didn't pay $10,320 in tax in one year.

Regina

[DeannRedmiles]

check with an accountant.. just in case!! it never hurts to get someone that does this all the time.. to take a look at it.