Adoption Credit For Failed Adoption
My wife and I attempted to adopt in 2021. We hired an adoption consultant (3k), who put us in contact with a home study. After we started the home study, we had a major financial expense come up and decided we could no longer afford a child. Are we still able to get a credit for unsuccessful adoption? Even if it was unsuccessful because we stopped trying, not because a birth mother quit? Also, is adoption consultant fees deductible? IRS says only reasonable and necessary fees are allowed. I think it’s reasonable, idk about necessary though because you don’t technically need one. But you also don’t technically need a lawyer, soo.. Thanks
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