Yes you can, since business moving expenses were not affected by the Tax Cuts and Jobs Act. The cost of moving business equipment, supplies, and inventory from one business location to another is a deductible business expense, as are costs associated with the purchase or renting of a new location. Be sure to keep good records to substantiate all costs associated with this business move.See What self-employed expenses can I deduct? and Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?For individuals, the moving expense deduction is no longer available in tax years 2018 – 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017.

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Dukes44

Level 1

Solved

I moved my sales business from one location to another. Can I deduct moving expenses for this business?

Forum|Forum|7 years ago
June 1, 2019
1 reply
6 views

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Best answer by

Yes you can, since business moving expenses were not affected by the Tax Cuts and Jobs Act.

The cost of moving business equipment, supplies, and inventory from one business location to another is a deductible business expense, as are costs associated with the purchase or renting of a new location. Be sure to keep good records to substantiate all costs associated with this business move.

See What self-employed expenses can I deduct? and Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

For individuals, the moving expense deduction is no longer available in tax years 2018 – 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017.

Anonymous

Answer

Yes you can, since business moving expenses were not affected by the Tax Cuts and Jobs Act.

The cost of moving business equipment, supplies, and inventory from one business location to another is a deductible business expense, as are costs associated with the purchase or renting of a new location. Be sure to keep good records to substantiate all costs associated with this business move.

See What self-employed expenses can I deduct? and Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

For individuals, the moving expense deduction is no longer available in tax years 2018 – 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017.