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-   -   Relocation Expenses & Deductions (https://www.askmehelpdesk.com/showthread.php?t=305901)

  • Jan 19, 2009, 03:35 PM
    Elvis1960
    Relocation Expenses & Deductions
    I was relocated from the west coast to the east coast. My company paid for the whole move plus some. They reported $4100 in box 12 as excludable income. The rest $18,000 for moving my household goods, cars, and my cost of moving lodging and mileage was included as income in box 1. They also grossed up some of the expenses but not these. Does any of this qualify as a moving expense that I can deduct?
  • Jan 19, 2009, 07:12 PM
    MukatA

    Yes, you can claim moving expenses which are not paid by your employer or were shown in box 1. Use Form 3903. Read: Your U.S. Tax Return: Moving Expenses
  • Jan 20, 2009, 10:37 AM
    AtlantaTaxExpert
    This case SCREAMS for professional tax help. The chances of improperly reporting the deductions on moves that have both tax-free and taxable reimbursements are extremely high and thus should be handled by a competent tax professional.
  • Apr 7, 2009, 10:31 AM
    ruinthere2k6
    Quote:

    Originally Posted by Elvis1960 View Post
    I was relocated from the west coast to the east coast. My company paid for the whole move plus some. They reported $4100 in box 12 as excludable income. The rest $18,000 for moving my household goods, cars, and my cost of moving lodging and mileage was included as income in box 1. They also grossed up some of the expenses but not these. Does any of this qualify as a moving expense that I can deduct?

    Hey Elvis1960

    I have the same issue almost but I was given $10k for my move and all reported on box1 with salary. I was tax withheld as well so I need to deduct this amount but no receipts since I lost all of them. Is it OK to deduct $10k from my tax? Any suggestions. I also moved from west coast to east coast.
  • Jun 4, 2009, 02:50 PM
    AtlantaTaxExpert
    See my earler post about using a tax professional!

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