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Deductions & credits
Hey thanks a lot for such a speedy response.... so to be precise in my example it is amount A which I got in my bank account as relocation, my company also paid the taxes on it which is amount B, and it is amount C which I actually spent for my move (C is less than A). What amount shall I be able to deduct as moving expense in my tax return ? Amount A, or Amount A&B, or Amount C ? For proof I have my amount A mentioned in my offer letter as relocation amount, I have salary Slip of amount A&B, & I have receipts of my move expense for amount C. Just a note that my move was international i.e. I moved from India to US(NJ) for my job, not sure if that impacts anyways my moving expense deduction. Appreciate your help and guidance on this.
‎June 5, 2019
3:16 PM