Question
Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and his finalized in 2017. they pay $7000
Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and his finalized in 2017. they pay $7000 in 2016 and $7500 in 2017 for qualified adoption expenses. In 2017 , Carl and Jenny have AGI of $150000. if an amount is zero , enter 0 . if required , carrycany division out of to four decimal and round final answers to the nearest dollar. a. what is the adoption credit Carl and Jenny can claim in 2017? b. How much credit could they claim if adoption falls through and is never finalized. c. how much credit could they claim if they AGI was $206540?
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