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    sundaymd's Avatar
    sundaymd Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 5, 2013, 10:19 AM
    Employer reimbursed real estate fees and put it under my income
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Aug 5, 2013, 10:47 AM
    I think so, as part of your moving expenses on Form 3903.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    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.

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