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Adoption Expenses (LO 7.7) Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in
Adoption Expenses (LO 7.7) Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2019. They pay $7,000 in 2018 and $7,500 in 2019 for qualified adoption expenses. In 2019, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "o". If required, carry any division out to four decimal places and round final answers to the nearest dollar a. What is the adoption credit Card and Jenny can daim in 2019? $ 14,080 Feedback b. How much credit could they claim if the adoption falls through and is never finalized 0 Feedback Check My Work Correct C. How much credit could they claim if their AGI was $217.1607
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