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sundaymd
Aug 5, 2013, 10:19 AM
As part of my relocation package, my employer shall reimburse closing costs and 6% brokers fee for the sale of my home. The fees were reimbursed & counted towards my income so tax was deducted automatically. The income they paid me was used to pay the broker fees. Can I deduct this from my income?

AtlantaTaxExpert
Aug 5, 2013, 10:47 AM
I think so, as part of your moving expenses on Form 3903.

ScottGem
Aug 5, 2013, 12:05 PM
Many relocation packages gross up the reimbursement to cover taxes. But either way you can claim the expenses to offset the income.