Hi,

I moved from Philadelphia, PA to San Francisco, CA for my new job in June 06. My employer paid me for my relocation expenses + Signing Bonus using 1099-Misc for as Non-employee compensation. I wanted to know if I can deduct my moving expenses and what can I deduct? Also what is the best way to go about it?

Any reference literature or articles would be great.

Thanks in advance,
Viral

AtlantaTaxExpert

Viral:

Though it REALLY is not non-employee compensation, you will have to file Schedule C or Schedule C-EZ to document the 1099-MISC income. NOt a real problem if you are filing as a non-resident alien.

If you are filing as a resident alien, then report the Form 1099-MISC income on Line #21 (Other Income). But this will cause the IRS to question the return, as 1099-MISC income is normally reported on Schedule C.

You can claim the actual move (mileage, lodging but NOT meals), the costs of moving your stuff (HHGs, personal vehicle), the lodging costs for the first night in your new location, the cost of storing your stuff, and THAT's IT!