In late 2017, Randy and Rachel Erwin paid $7,000 in legal fees, adoption fees, and other expenses
Question:
In late 2017, Randy and Rachel Erwin paid $7,000 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2018, and the Erwins then pay an additional $8,000 in adoption fees. Their 2018 AGI amounts to $135,000.
a. Determine the amount of the couple’s 2018 adoption tax credit.
b. How does your answer change if the Erwins' 2018 AGI is $210,000?
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a Randy and Rachel are eligible for a 13810 credit ...View the full answer
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Related Book For 
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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