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Kristi and Van adopted a two-year old child this year. They incurred $9,500 of qualified adoption expenses related to the adoption. Van's employer, GH Industries,
Kristi and Van adopted a two-year old child this year. They incurred $9,500 of qualified adoption expenses related to the adoption. Van's employer, GH Industries, maintains an adoption assistance program and reimbursed Van $7,000 for these costs. Kristi and Van's adjusted gross income for the year is $52,000. How much income do Kristi and Van need to report on their federal income tax return? $ 0
$3,500
$7,000
$9,500
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