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What amount of adoption credit can niles and marsha

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Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $15,500 in 2018 for adoption-related expenses. The adoption was finalized in early 2019. Marsha received $3,200 of employer-provided adoption benefits. For question (a), assume that any adoption credit is not limited by modified AGI or by the amount of tax liability.

Required:

Problem 1: What amount of adoption credit, if any, can Niles and Marsha take in 2019?

Problem 2: Using the information in question (a), assume that their modified AGI was $227,000 in 2019. What amount of adoption credit is allowed in 2019?

Reference no: EM132916840

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