Mr.and Mrs.Darling are in the process of adopting two children.Their adjusted gross income for 2011 is $135,000. During 2011,their adoption of a baby girl from Florida became finalized.They paid adoption expenses of $5,000 during 2010 and $7,000 during 2011.
The Darlings also paid $2,500 during 2010 and $4,000 during 2011 for the adoption of a boy from South Carolina.This adoption is not finalized until 2012.
On their 2011 tax return,how much may the Darlings take as an adoption credit?
A) $7,500
B) $13,360
C) $14,500
D) $20,500
Correct Answer:
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