Business, 05.03.2020 09:29 chris6626

Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child:

Child's medical expenses $5,000
Legal expenses 9,000
Agency fee 4,000
Before consideration of any "floor" or other limitation on deductibility, what amount of the above expenses may the Sloans deduct on their current year joint income tax return?

a.$18,000
b.$14,000
c.$13,000
d.$ 5,000

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Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a chil...

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