Tyler and Molly, who are married filing jointly with $210,000 of AGI in 2016, incurred the following expenses in their efforts to adopt a child:
$\begin{array}{lr}
2015:\text { Attorney's fees } &\quad \$ 4,500 \
2016:\text { Attorney's fees } & \$ 4,500 \
\quad\quad\quad\text { Court costs } & \$ 1,000 \
\quad\quad\quad\text { Adoption fees } & \$ 5,500
\end{array}$ The adoption was finalized in 2016 What is the amount of the allowable adoption credit in 2016?

Question

Tyler and Molly, who are married filing jointly with $210,000 of AGI in 2016, incurred the following expenses in their efforts to adopt a child:
 $\begin{array}{lr}
2015:\text { Attorney's fees } &\quad \$ 4,500 \
2016:\text { Attorney's fees } & \$ 4,500 \
\quad\quad\quad\text { Court costs } & \$ 1,000 \
\quad\quad\quad\text { Adoption fees } & \$ 5,500
\end{array}$ The adoption was finalized in 2016 What is the amount of the allowable adoption credit in 2016?

Quizplus · Accepted Answer

The Answer of Tyler and Molly, who are married filing jointly with $210,000 of AGI in 2016, incurred the following expenses in their efforts to adopt a child:
 $\begin{array}{lr}
2015:\text { Attorney's fees } &\quad \$ 4,500 \
2016:\text { Attorney's fees } & \$ 4,500 \
\quad\quad\quad\text { Court costs } & \$ 1,000 \
\quad\quad\quad\text { Adoption fees } & \$ 5,500
\end{array}$ The adoption was finalized in 2016 What is the amount of the allowable adoption credit in 2016?

Tyler and Molly, Who Are Married Filing Jointly with $210,000