You'll need to sign in or create an account to connect with an expert.
Yes, you are able to deduct any ordinary and necessary business expenses you incur related to your business (including relocation fees and expenses).
Where you report this relocation will depend on the type of expenses you are reporting. Business travel and lodging would be reported under business travel. LLC licensing fees would be reported under taxes and license. Any other fees related to this move that do not fit into a specific category can be listed under miscellaneous business expenses.
Please refer to this IRS link for more information about Business Expenses
Yes, you are able to deduct any ordinary and necessary business expenses you incur related to your business (including relocation fees and expenses).
Where you report this relocation will depend on the type of expenses you are reporting. Business travel and lodging would be reported under business travel. LLC licensing fees would be reported under taxes and license. Any other fees related to this move that do not fit into a specific category can be listed under miscellaneous business expenses.
Please refer to this IRS link for more information about Business Expenses
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Lizzy1217
Level 2
UnXplainable1
New Member
roymayhew
New Member
YoungS
Level 1
marshai83
New Member