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In 2020. Sherry moved from Fort McMurray to Calgary to work at her employer's head office. She incurred the following expenses related to the move:
In 2020. Sherry moved from Fort McMurray to Calgary to work at her employer's head office. She incurred the following expenses related to the move: Moving company to pack and move belongings $ 9,000 Sales commission on sale of Fort McMurray home 20,000 Utility and property tax costs of Fort McMurray home 6,000 subsequent to moving but prior to sale Land transfer tax to purchase new home in Calgary 8,000 Legal fees to sell Fort McMurray home 1,000 Cost of hiring interior decorator to decorate new home 3,000 Loss on sale of Fort McMurray home 22,000 Sherry's salary in the current year was $110,000 of which $36,000 was earned while living in Calgary What is the maximum amount of moving expenses that can be deducted from Sherry's income for tax purposes in 2020? Do not add commas or dollar signs to your answer. A If you determine that not all of the eligible moving costs are deductible in 2020, provide the amount of the carry forward available to Sherry. If there is no available carry forward, type "nil" in the space provided
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