After two and one-half years of working with the orphanage and the government, Jake and Nikki adopted
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After two and one-half years of working with the orphanage and the government, Jake and Nikki adopted a two-year-old girl from Korea. The adoption process, which became final in January 2019, incurred the following qualified adoption expenses. For how much and in which yearcan Jake and Nikki take the adoption credit? (Assume no limitation of the credit due to AGI.)
Year 2018.......................................$6,000
Year 2019.......................................$1,000
a. $6,000 in 2018.
b. $1,000 in 2019.
c. $7,000 in 2018.
d. $7,000 in 2019.
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