Individual Income Taxes
Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
Question
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Chapter 9, Problem 30P

a.

To determine

Identify Ms. K’s weekend expenses deduction.

b.

To determine

Explain the changes if the amount involved were reversed.

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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?
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Chapter 9 Solutions

Individual Income Taxes

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