Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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Chapter 7, Problem 18MCQ
To determine

Introduction:The adaptation expenses allow taxpayers to two types of tax breaks. Individuals can avail of a non-refundable income tax credit for qualified adaptation expenses. In the case of the adaptation of an eligible child, the credit for qualified adaptation expenses is allowed for the tax year following the year in which such expenses are paid.

To choose:The correct answer to determine the adaptation credit for 2018 and 2019 respectively.

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