On 12/20/20, Ms. Martinova Chevlak moved from Edmonton to Regina for a new job. She has always lived in a rented apartment and will continue to do so in Regina. The total cost of the actual move, including the costs of moving her personal possessions, was $6,400. In addition, she spent $1,300 on a visit to Regina in search for an appropriate accommodation, and $1,200 as a penalty for breaking her lease in Edmonton. During the year, her salary totaled $60,000, of which $1,500 can be allocated to the period after 12/20/20, and the new employer provided a $6,000 allowance for the move. Determine Ms. Chevlak’s maximum moving expense deduction for 2020 and the carry-forward amount, if any carry forward available.

Answer rating: 100% (QA)

Ms Che vl ak s total expenses for the move were ... View the full answer