As to meeting the time test for purposes of deducting moving expenses, which of the following statements is correct?
A) Work at the new location must involve a full-time job-part-time job will not suffice.
B) The taxpayer has two years in which to satisfy the 39-weeks or 78-weeks requirement.
C) The time test is waived for persons whose move follows retirement.
D) The moving expense deduction cannot be claimed if the taxpayer has not yet met the time test.
E) None of the above.
Correct Answer:
Verified
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