Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is finalized in 2014. They pay $6,000 in 2013 and $7,500 in 2014 of qualified adoption expenses. In 2014, Carl and Jenny have AGI of $150,000.
a. What is the adoption credit Carl and Jenny can claim in 2014? $ ________________________
b. How much credit could they claim if the adoption falls through and is never finalized?
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c. How much credit could they claim if their AGI was $200,500?
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