I've tirelessly searched for the answer to my question but to no avail. I've found many, many similar questions but nothing that answers mine exactly.
Scenario: My wife and I started an open adoption process early 2004 in which we incurred ~$7000.00 in fees. As of December 2005, we still had not been selected and found out my wife was pregnant. We put our adoption wait on hold, which we can do for up to two years without having to pay 100% of the costs again.
Question: Even though we have not adopted a child and may choose not to continue the process, can we still deduct the expenses incurred for the purpose and intent of adopting?
Thank you very much for your help. Jim
---------- Moderator: Congratulations on the pending birth of your child. I wish you a healthy, beautiful baby girl. Girls are easier to raise than are boys. Also daughters will love you forever or until they turn 13 whichever comes first.