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Author Question: Which of the following situations will disqualify a taxpayer from taking a deduction for moving expenses? (Read 60 times)

londonang

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Question 1

Ron obtained a new job and moved from Houston to Washington. He incurred the following moving expenses:



Assuming Ron is eligible to deduct his moving expenses, what is the amount of the deduction?
◦ $3,466
◦ $6,600
◦ $9,066
◦ $8,366

Question 2

Which of the following situations will disqualify a taxpayer from taking a deduction for moving expenses?
◦ Pam moves from Phoenix to Los Angeles to take a new job. She works at the Los Angeles job for 45 weeks before starting a new job in Las Vegas.
◦ Paul moves from Boston to Miami to start a new business selling t-shirts. The business is not successful and Paul returns to Boston after 52 weeks.
◦ Phyllis moves from Seattle to San Francisco to open a coffee bar. She still owns the coffee bar and lives in San Francisco 90 weeks after her move.
◦ Marva moves from Dallas to Washington D.C. in her job as an IRS agent. She is still working at the IRS Washington office after one year.


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Marked as best answer by londonang on Sep 13, 2020

nathang24

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londonang

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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