Len incurs $2,000 of deductible moving expenses in the current year and is fully reimbursed by his
Question:
a. How are the expense deduction and the reimbursement reported on Len's tax return if he uses the standard deduction?
b. What tax consequences occur if the reimbursement is $2,000 but only $1,200 of the $2,000 of moving expenses are tax deductible?
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Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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