Business, 29.07.2021 01:10, lollipop83
Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2019. They pay $7,000 in 2018 and $7,500 in 2019 for qualified adoption expenses. In 2019, Carl and Jenny have AGI of $150,000.
a. What is the adoption credit Card and Jenny can daim in 2019?
b. How much credit could they claim if the adoption falls through and is never finalized?
c. How much credit could they claim if their AGI was $217.1607?
Answers: 1
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Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is final...
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