Question: James and William decided last year that adoption would be the best choice for them. They adopted a 3-year-old son this year. They paid

James and William decided last year that adoption would be the best

James and William decided last year that adoption would be the best choice for them. They adopted a 3-year-old son this year. They paid $18,000 in qualifying adoption expense for the current year. Their MAGI is $175,000, and their tax due before any qualified adoption credit is $8,000. What is their available adoption credit for the current year?

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Answer The available adoption credit for the current year is 8000 Ex... View full answer

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