Alexis (a CPA and JD)sold her public accounting practice in Des Moines and accepted a job with the Seattle office of a national law firm.Her moving expenses are not deductible because she has changed employment status (i.e. ,went from self-employed to employee)and changed occupations (i.e. ,practice of public accounting to practice of law).

Question

Quizplus · Accepted Answer

Moving expenses may still be deductible if the new job is at least 50 miles farther from the old home than the old job location was from the old home, regardless of the change in employment status or occupation. Therefore, Alexis may be able to deduct her moving expenses depending on the specific details of her situation.

Alexis (A CPA and JD)sold Her Public Accounting Practice in Des