On July 5, 2020, at the request of her employer, Ms. Kim moves from Nova Scotia to
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- On July 5, 2020, at the request of her employer, Ms. Kim moves from Nova Scotia to Saskatchewan. She has always lived in a rented apartment and will continue to do so in Saskatchewan. The cost of the actual move, including the cost of moving her personal possessions, was $6700. In addition, she spent $11800 on a separate house hunting visit to Saskatchewan in a search for appropriate accommodation, and $1,000 as a penalty for breaking her lease in Nova Scotia. During the year, her salary totaled $50,000, of which $29000 can be allocated to the period after July 5, 2020. What is her maximum moving expense deduction for 2020?
- On November 5, 2020, at the request of her employer, Ms. Kim moves from Nova Scotia to Saskatchewan. She has always lived in a rented apartment and will continue to do so in Saskatchewan. The cost of the actual move, including the cost of moving her personal possessions, was $8000. In addition, she spent $10700 on a separate house hunting visit to Saskatchewan in a search for appropriate accommodation, and $1,000 as a penalty for breaking her lease in Nova Scotia. During the year, her salary totaled $50,000, of which $1600 can be allocated to the period after November 5, 2020. What is her maximum moving expense deduction for 2020?
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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