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Caden Lange (Social Security number 123-45-6789), a financial planner, decides to quit his job with an investment bank in Charleston, South Carolina, and establish a
Caden Lange (Social Security number 123-45-6789), a financial planner, decides to quit his job with an investment bank in Charleston, South Carolina, and establish a private financial planning practice in Santa Fe, New Mexico. In connection with the move in 2016 (moving rate = $.19/mile in 2016), he incurs the following expenses:
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Moving van charge Lodging during move Meals during move Loss on sale of residence in Charleston Mileage for personal autos $4,500 540 410 $9,000 3,500 miles a. How much of these expenses, if any, can Caden deduct? If an amount is zero, enter "o". Round your answers to the nearest dollar. 4,500 Moving van charge Lodging during the move Meals during the move Loss on the sale of his residence Mileage for his personal autos Total deduction 540 0 665 5,705Step by Step Solution
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