In May 2019, Regina graduated from the Naval Academy with a degree in engineering and was assigned to San Diego as a permanent duty station. In her move to San Diego, Regina incurred the following costs: $450 in gasoline. $250 for renting a truck from UPAYME rentals. $100 for a tow trailer for her car. $85 in food. $25 in double espressos from Starbucks. $300 for motel lodging on the way to San Diego. $405 for a previous plane trip to San Diego to look for an apartment. $175 in temporary storage costs for her collection of crystal figurines. Required: If the government reimburses her $900, how much, if any, may Regina take as a moving expense deduction on her 2019 tax return?
In May 2019, Regina graduated from the Naval Academy with a degree in engineering and was assigned to San Diego as a permanent duty station. In her move to San Diego, Regina incurred the following costs:
$450 in gasoline.
$250 for renting a truck from UPAYME rentals.
$100 for a tow trailer for her car.
$85 in food.
$25 in double espressos from Starbucks.
$300 for motel lodging on the way to San Diego.
$405 for a previous plane trip to San Diego to look for an apartment.
$175 in temporary storage costs for her collection of crystal figurines.
Required:
If the government reimburses her $900, how much, if any, may Regina take as a moving expense deduction on her 2019 tax return?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
