Brad and Valerie decided to adopt a child and contacted an adoption agency in August 2015. After
Question:
Brad and Valeries AGI in 2015 was $70,000, and in 2016 was $90,000.
a. Compute Brad and Valeries qualified adoption expenses for 2015 and 2016
b. Compute Brad and Valeries adoption credit. In which year(s) may the credit be taken?
c. Would your answer to Part b change if the adopted child was a special needs child and if a grant covered all adoption cost except for legal fees?
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Related Book For
Federal Taxation 2017 Individuals
ISBN: 9780134420868
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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