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After years of working with the orphanage and the government, Walt and Kim adopted a little girl from China. The adoption process, which became final
After years of working with the orphanage and the government, Walt and Kim adopted a little girl from China. The adoption process, which became final in January 2019, incurred the following qualified adoption expenses. What amount of adoption credit can Walt and Kim claim and in what year? Assume there is no credit limitation due to their AGI amount
2018 | $ | 12,500 |
2019 | 2,800 | |
Multiple Choice
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$15,300 in 2018.
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$14,080 in 2019.
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$15,300 in 2019.
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$12,500 in 2018 and $2,800 in 2019.
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