Question: Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is final in 2012. They pay $6,000

Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is final in 2012. They pay $6,000 in 2011 and $7,500 in 2012 of qualified adoption expenses, and have AGI of $150,000.
a. What is the adoption credit Carl and Jenny can claim in 2012? $___________
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 $200,500?_________________________
_____________________________________________________________________________

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