Mr. and Mrs. Sloan incurred the following expenses on December 15, 2007, when they adopted a child:
|
Child’s medical expenses |
$5,000 |
|
Legal expenses |
8,000 |
|
Agency fee |
3,000 |
Before consideration of any “floor” or other limitation on deductibility, what amount of the above expenses may the Sloans deduct on their 2007 joint income tax return?
- $16,000
- $13,000
- $11,000
- $ 5,000