Rena had the following moving expenses during 2016: Rena moved to start a new job and met all the required tests for moving expense deductibility.What is the total amount of moving expenses that can be deducted on her 2016 return?

Question

Rena had the following moving expenses during 2016:  Rena moved to start a new job and met all the required tests for moving expense deductibility.What is the total amount of moving expenses that can be deducted on her 2016 return?

Quizplus · Accepted Answer

The deductible moving expenses are the sum of: $500 for transportation, $550 for lodging (excluding meals), $600 for packing and crating, and $450 for storage. This gives a total of $2,100 (500 + 550 + 600 + 450 = 2,100). Option A is incorrect because it adds the cost of meals, which are not deductible. Option B is incorrect because it only adds up transportation and lodging expenses. Option D is incorrect because it only adds up packing and crating expenses.

Rena Had the Following Moving Expenses During 2016: Rena