Niles and Marsha adopted a little boy (a U.S. citizen). They paid $14,500 in 2015 for adoption-related
Question:
a. What amount of adoption credit, if any, can Niles and Marsha take in 2016?
b. Using the information in (a), assume that their modified AGI was $205,000 in 2016. What amount of adoption credit is permitted in 2016?
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In general a credit is allowed for 100 of adoption expenses minus any rei...View the full answer
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