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Old 03-28-2008, 10:45 AM
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Join Date: Jul 2007
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Moving expenses


What is the name of your state? FL-OK

Husband got transfered to another state by his company. While the company paid the moving company directly, they gave us $2500 to help with gas, hotel, food, rent while transitioning, etc. in the form of a check. This $2500 was added to my husband's gross 2007 income, and is on the same W-2 as his salary (same box too). No seperate W-2 was received.

We are itemizing our deductions. Can we deduct our moving expenses (moving company/moving truck not included)?
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Old 03-28-2008, 03:19 PM
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http://www.irs.gov/publications/p521/index.html

You may only deduct some of the expenses that you listed; if I am reading this correctly, the employer paid for the moving truck.

Quote:
If you meet the requirements discussed earlier under Who Can Deduct Moving Expenses, you can deduct the reasonable expenses of:

Moving your household goods and personal effects (including in-transit or foreign-move storage expenses), and

Traveling (including lodging but not meals) to your new home.
Quote:
Reasonable expenses. You can deduct only those expenses that are reasonable for the circumstances of your move. For example, the cost of traveling from your former home to your new one should be by the shortest, most direct route available by conventional transportation. If during your trip to your new home, you stop over, or make side trips for sightseeing, the additional expenses for your stopover or side trips are not deductible as moving expenses.
Find the section that starts with "Deductible moving expenses" for what will count.
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