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? 

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 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

Question Posted: