Yes, you can claim the credit for a failed adoption.
When to claim is a separate issue. In a failed adoption, of course, there is no finalization.
If you follow the IRS instructions to the letter, you claim the year after the expenses were incurred. If you do this, you can adjust your withholding to get immediate use of the money. (Ambien)
What’s Your Best Chance To Claim The Adoption Credit If You Were Not Matched With A Child?
- IRS instructions also state that, if you take a credit for a failed adoption, and later adopt successfully, you have to offset the credit.
- But nothing in the statutes or in legislative history supports this.
- Each adoption or failed adoption involves a different child, so you can take a separate credit for each.
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