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I need help with this exercise . is it right? thanks you
7.7 23. Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2018. The
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Answer #1
a $ 13,810 Since the MAGI is less than $207,140 - the eligible adoption credit is $13,810
b $ 13,810 If the adoption falls through, they can still claim the expenses that have been incurred in the process of adoption limited to $13,810.
c $ 11,048 13810-13810*(215140-207140)/(247140-207140)
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