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Moving expenses are only deductible if you are in the military. Is that your situation?
@Bsch4477 Yes I am in the military
Yes, consider this part of the cost to be able to move your household goods.
If you should happen to sell that utility trailer in the future it would be considered taxable income (of a previously deducted amount).
Moving expenses can be entered by following the steps here.
I am also military, planning to move in May of 2023. In order to deduct the cost of the trailer, does that require me to itemize my expenses?
@ChrisM626 wrote:
I am also military, planning to move in May of 2023. In order to deduct the cost of the trailer, does that require me to itemize my expenses?
No, the trailer would not be an itemized deduction. It is included as part of your moving expenses.
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