Get K-47 Kansas Adoption Credit - Revised 7-24

The K-47 Kansas Adoption Credit form allows residents to claim tax credits for adoption expenses. This guide provides clear, step-by-step instructions for completing the form online, ensuring users can easily navigate through each section.

Follow the steps to successfully complete the K-47 Kansas Adoption Credit form.

1. Click ‘Get Form’ button to obtain the K-47 Kansas Adoption Credit form and open it in your preferred online editor.
2. Enter the beginning and ending dates for the taxable year in the designated fields located at the top of the form.
3. Provide your full name and social security number in the fields labeled 'Name of taxpayer' and 'Social Security Number'.
4. Input the name and social security number of the child you adopted in the respective fields.
5. Indicate whether the adoption was finalized during the taxable year by selecting ‘Yes’ or 'No’. If 'No', enter the year in which the adoption was finalized.
6. Specify if the adopted child was a special needs child or in custody of the Department for Children and Families (DCF). Select ‘Yes’ or ‘No’ accordingly.
7. In Part A, provide the amount of federal adoption credit allowed for this tax year in line 1.
8. If applicable, enter the special needs or DCF custody adoption credit amount in line 2.
9. If this is not your first year claiming the credit, enter any carry forward credit from your prior year’s Schedule K-47 in line 3.
10. Calculate the total credit available for the year by adding lines 1, 2, and 3. Input the result in line 4.
11. Enter your Kansas tax liability for this year after all other credits except the adoption credit in line 5.
12. For line 6, enter the lesser amount from lines 4 or 5; this is the adoption credit for the current year.
13. If line 6 is less than line 4, continue to Part D. Subtract line 6 from line 4 in line 7 to determine your carry forward credit for the next year.
14. Once all fields are completed and reviewed, save your changes, and download, print, or share the form as needed.

Complete your K-47 Kansas Adoption Credit form online today to take advantage of these important tax benefits!