Multiple Choice
Which of the following statements regarding the adoption expenses credit is not true?
A) The adoption expenses credit is a nonrefundable credit.
B) The adoption expenses credit starts to be phased out in 2013 beginning when a taxpayer's modified AGI exceeds $194,580.
C) No adoption expenses credit is a available in 2013 if a taxpayer's modified AGI exceeds $234,580.
D) The adoption expenses credit is limited to no more than $12,500 per eligible child in 2013.
E) All of the above statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
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