Jay obtains a new job in Boston and moves from Reno during the current year.He incurs the following moving expenses:
$\begin{array}{lr}
\text {Transportation of household goods } &\$ 5,700 \
\text { House-hunting trips to Boston } &600 \
\text {Cost of transporting Jay's family } &2,300 \
\text {Meals incurred while moving the family } &200 \
\text {Temporary living expenses while waiting for the new residence to be ready } &1,000
\end{array}$
What is Jay's moving expense deduction?

Question

Jay obtains a new job in Boston and moves from Reno during the current year.He incurs the following moving expenses:
$\begin{array}{lr}
 \text {Transportation of household goods  } &\$ 5,700 \
 \text { House-hunting trips to Boston } &600 \
 \text {Cost of transporting Jay's family  } &2,300 \
 \text {Meals incurred while moving the family  } &200 \
 \text {Temporary living expenses while waiting for the new residence to be ready  } &1,000
\end{array}$
What is Jay's moving expense deduction?

Quizplus · Accepted Answer

Jay's moving expense deduction is $8,000. This includes the cost of transporting household goods, house-hunting trips to Boston, and the cost of transporting Jay's family. The cost of meals incurred while moving the family and temporary living expenses while waiting for the new residence to be ready are not deductible.

Jay Obtains a New Job in Boston and Moves from Reno