Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2017, his
Question:
Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2017, his company transferred him to Florida. Fabian worked full-time for the entire year. During 2017, he incurred and paid the following expenses related to the move:
Pre-move house hunting costs..............................................$1,500
Lodging and travel expenses (not meals) while moving..........1,800
Costs of moving furniture and personal belongings.................2,700
He did not receive reimbursement for any of these expenses from his employer; his AGI for the year was $85,500. What amount can Fabian deduct as moving expenses on his 2017 return?
Step by Step Answer:
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler