In order to meet the time test for qualifying moving expenses,a taxpayer must:

Question

Quizplus · Accepted Answer

Option C accurately states the requirements for meeting the time test for qualifying moving expenses. The taxpayer must either be a full-time employee for a period of 39 weeks during the 12 months after arriving in the new area, or be a self-employed individual for at least 78 weeks during the 24 months immediately after arrival, with at least 39 of those weeks occurring in the first 12 months. Option A is incorrect because it only covers the initial new job and not the entire 39 or 78 week period. Option B is also incorrect because it does not include the option for self-employed individuals to meet the time test. Option D is incorrect because it does not require a minimum of 39 weeks to be worked during the first 12 months for self-employed individuals.

In Order to Meet the Time Test for Qualifying Moving