In connection with the adoption of an eligible child who is a U.S. citizen and who is

Question:

In connection with the adoption of an eligible child who is a U.S. citizen and who is not a child with special needs, Sean pays $4,000 of qualified adoption expenses in 2017 and $3,000 of qualified adoption expenses in 2018. The adoption is finalized in 2018. There is no phase-out of the adoption credit. What are the adoption credits for both 2017 and 2018, respectively? 

a. $0; $7,000 

b. $4,000; $1,000 

c. $4,000; $3,000 

d. $7,000; $0

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

Question Posted: