In October, Dave quit his job with employer I and in December found a new job with employer II in a new city. His salary with employer I was $42,000 and Legal expenses with respect to purchase of new residence $1,000 Cost of transporting household effects $2500 Cost of driving a new city $100 Commission paid on sale of old residence $10,000 New furniture $5,500 What can be deducted as moving expenses in the current year?

In October, Dave quit his job with employer I and in December found a new job with employer II in a new city. His salary with employer I was $42,000 and Legal expenses with respect to purchase of new residence $1,000 Cost of transporting household effects $2500 Cost of driving a new city $100 Commission paid on sale of old residence $10,000 New furniture $5,500 What can be deducted as moving expenses in the current year?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 1CPA: In the current year, Barlow moved from Chicago to Miami to start a new job, incurring costs of 1,200...

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