What amount can fabian deduct as moving expenses on return

Reference no: EM132690423

Fabian, a single member of the military, was stationed at White Sands, New Mexico. On July 1, 2019, his army company transferred him to Florida as a permanent duty station.

Fabian worked full time for the entire year. During 2019 he incurred and paid the following expenses related to the move:

Pre-move house-hunting costs $1,500

Lodging and travel expenses (not meals) while moving 1,800

Cost of moving furniture and personal belongings 2,700

Problem 1: He did not receive reimbursement for any of these expenses from the army; his AGI for the year was $35,500. What amount can Fabian deduct as moving expenses on his 2019 return?

Reference no: EM132690423

Questions Cloud

Determine cash payback period for both location proposals : Location 1 is expected to provide equal annual net cash flows of $64,000, Determine cash payback period for both location proposals

How have your views changed or remained the same : A self-assessment of your consulting skills based on your work and school experience. Outline what skills a consultant needs and how your skills match.

How much of juan self-employment taxes would be deductible : How much of Juan's self-employment taxes would be deductible? how much of his self-employed health insurance premiums could he deduct for this year, if any? Why

Determine the net cash flows for the first year : Selling expenses related to the new product are expected to be 5% of sales revenue. Determine the net cash flows for the first year

What amount can fabian deduct as moving expenses on return : What amount can Fabian deduct as moving expenses on his 2019 return? Fabian, a single member of the military, was stationed at White Sands, New Mexico.

Discuss various job analysis method : Consider yourself as a job analyst of any company and discuss various job analysis method and prepare job description and job specification for at least two.

Compute pa and develop oc curve : Compute Pa and develop OC curve for p = 0.005, 0.01, 0.03, 0.05, 0.07, 0.09? Given that the number of articles n in each sample is 89

What amount of student loan interest can zach : He filed a joint return with his spouse showing modified AGI of $128,000. What amount of student loan interest can Zach and his spouse deduct in 2019, if any?

Find the average rate of return on the equipment : The device is expected to generate additional annual sales of 2,100 units at $370 per unit. Find the average rate of return on the equipment

User Account

All Pages