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What are the adoption credits for both years

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Reference no: EM132704025

Problem - In connection with the adoption of an eligible child who is a U.S. citizen and who is not a child with special needs, Sean pays $4,000 of qualified adoption expenses in 2017 and $3,000 of qualified adoption expenses in 2018. The adoption is finalized in 2018. There is no phase-out of the adoption credit. What are the adoption credits for both 2017 and 2018, respectively?

a. $0; $7,000

b. $4,000; $1,000

c. $4,000; $3,000

d. $7,000; $0

Reference no: EM132704025

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