Kelly, an unemployed architect, moves from Boston to Phoenix to accept a job as a chef at a restaurant. Kelly's moving expenses are not deductible because her new job is in a different trade or business.

Question

Quizplus · Accepted Answer

Kelly's moving expenses may be deductible even if she is changing professions, as long as she meets the distance and time tests and the new job is in the same general field or industry as her old job. However, it is important to note that the tax laws surrounding moving expenses changed in 2018, and the deduction is now only available in certain specific circumstances.

Kelly, an Unemployed Architect, Moves from Boston to Phoenix to Accept