Screen GAAdopt - Georgia Foster Adoption Credits (1040)

Show all hidden content

Overview

Use this screen to enter data to calculate credits on Forms IND-CR Summary Worksheet, IND-CR 208, and IND-CR 213. Credit usage will be calculated on the Credit Carryover Usage worksheet. UltraTax CS proformas the carryover to the next year if not it's fully utilized. Enter in the
Dependent information
statement on the federal 1040 screen with state use code
25
. The carryover worksheet will show credits that expire in the current tax year.
Foster Adoption Credits for Current Year
Enter the year the adoption was finalized for each child in the
Dependent information
statement with state use code
25
. This information will proforma from year to year. Mark the Do Not Proforma for each child who is will be over the age limits in the coming year.

IND-CR 208 Carryover

Carryover until credit is depleted per O.C.G.A. 48-7-29.15
Enter amount of prior year carryover from IND-CR 208. Any carryover calculated from the IND-CR 208 will proforma until depleted.
note
Credit IND-CR 213 credit for adoptions finalized on or after 1/1/21 doesn't allow carryover.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close