In terms of meeting the distance test for purposes of deducting moving expenses,which of the following statements is correct?

Question

Quizplus · Accepted Answer

The correct statement for meeting the distance test is that the taxpayer's new job location must be at least 50 miles farther from the old residence than the old residence was to the old job. Option A and B are incorrect as they do not consider the distance between the old residence and old job. Option D is incorrect as it does not consider the distance between the old job and the new job. Option E is incorrect as there is a correct statement for meeting the distance test.

In Terms of Meeting the Distance Test for Purposes of Deducting