This study used hierarchical linear modeling to examine discrepancies among 95 dyads of Asian adolescent transnational adoptees and their parents (N = 190). Results revealed that parents underestimated the degree to which adoptees experienced racism and overestimated their positive attitudes toward ethnic heritage activities and openness to discussing racism. Adoptees with a high percentage of friends of color reported fewer racist experiences; however, parents with a high percentage of friends of color perceived adoptees to experience higher instances of racism. In addition, parents with low colorblind attitudes overestimated adoptees’ positive attitudes toward ethnic heritage activities and openness to discussing racism; whereas, at both high and low levels of colorblind attitudes, parents underestimated adoptees’ racist experiences. Implications that center on the perspectives of Asian adolescent transnational adoptees as well as practical suggestions for clinicians and adoption professionals are discussed. (PsycINFO Database Record (c) 2019 APA, all rights reserved)