Lee and Whitney incurred qualified adoption expenses in 2017 of $2,000, and then incurred $7,000 more in 2018 when the adoption of their child became final. Their 2017 AGI was $120,000 and their 2018 AGI was $140,000. The allowable adoption credit is
A) $9,000 in 2018.
B) $13,570 in 2018.
C) $2,000 in 2017 and $7,000 in 2018.
D) $7,000 in 2018.
Correct Answer:
Verified
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