Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2014, his

Question:

Fabian, a single account executive, was employed and resided in New Mexico. On July 1, 2014, his company transferred him to Florida. Fabian worked full-time for the entire year. During 2014, 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 2014 return?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

Question Posted: