Question: I need help with this exercise . is it right? thanks you 7.7 23. Carl and Jenny adopt a Korean orphan. The adoption takes 2
I need help with this exercise . is it right? thanks you
7.7 23. Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2018. They pay $7,000 in 2017 and $7,500 in 2018 for qualified adoption expenses. In 2018, Carl and Jenny have AGI of $150,000. a. What is the adoption credit Carl and Jenny can claim in 2018? $ 13,8 lo la 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 $215,140? 1048 I 019 That is
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
