10 May WHAT IS THE ADOPTION CREDIT CARL AND JENNY CAN CLAIM IN 2016?
1) Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is finalized in 2016. They pay $6 000 in 2015 and $7 500 in 2016 of qualified adoption expenses. In 2016 Carl and Jenny have AGI of $150 000.If an amount is zero enter “0”.If required carry any division out to four decimal places and round final answers to the nearest dollar.a. What is the adoption credit Carl and Jenny can claim in 2016?$b. How much credit could they claim if the adoption falls through and is never finalized?$c. How much credit could they claim if their AGI was $203 100?
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