In connection with the adoption of an eligible child who is a U.S. citizen and...
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Accounting
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 2020 and $3,000 of qualified adoption expenses in 2021. The adoption is finalized in 2021. There is no phase-out of the adoption credit. What are the adoption credits for both 2020 and 2021, respectively?
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