Which of the following expenses can be deducted as moving expenses? 1. The cost of a trip to purchase a new residence
2) The cost of moving personal belongings
3) Lodging (one night) while en route
4) The cost of gasoline when traveling to the new residence
5) One-half of the cost of meals while en route to the new residence
A) Numbers 1, 2, and 4 only.
B) Numbers 1 through 3 only.
C) Numbers 2 through 4 only.
D) Numbers 2 through 5 only.
E) All of these are deductible as moving expenses.

Question

Quizplus · Accepted Answer

The cost of moving personal belongings, lodging while en route, and the cost of gasoline when traveling to the new residence are deductible moving expenses. The cost of a trip to purchase a new residence and meals are not deductible.

Which of the Following Expenses Can Be Deducted as Moving