Which of the following is (are) correct concerning the time test for deducting moving expenses?
I.Self-employed individuals must work in the new location for 39 weeks during a 2-year period.
II.A transfer of the employee by the employer waives the time requirement.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.
Correct Answer:
Verified
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