Читать книгу J.K. Lasser's 1001 Deductions and Tax Breaks 2022 - Barbara Weltman - Страница 78

In 2020, you start the adoption process, hiring a lawyer and paying a retainer of $3,000. In 2020, the lawyer helps you work with an authorized adoption agency to which you pay a fee of $10,000 to adopt your daughter, a U.S. resident. The child is placed with you at that time. In 2021, you pay the lawyer an additional $4,000 and the adoption becomes final in this year. You may not claim any credit in 2020. In 2021, you may claim a credit up to $14,440, comprised of $13,000 [retainer and adoption fee] paid in 2020 and $1,610 of the $4,000 additional attorney's fee paid in 2021. The excess expenses of $2,390 [$4,000−$1,610]) are not carried over and cannot be used in the future.

If your employer paid or reimbursed you for qualified expenses, you must also complete this form to figure excludable benefits.

Distributions from qualified retirement plans for adoption expenses are reported to you on Form 1099‐R and entered on line 5b of Form 1040 or 1040‐SR. You must also file Form 5329 to claim the penalty exception.