Should I declare moving expenses?I live with my parents since they had an apartment, and I helped them purchase a house which is just 5 miles away from the apartment.

carbstax — Mon, 03 Jun 2019 20:28:12 GMT

No; those expenses are not deductible. For years prior...

DawnC0 — Mon, 03 Jun 2019 20:28:14 GMT

No; those expenses are not deductible. For years prior to 2018, Federal tax laws allow you to deduct your moving expenses if your relocation relates to starting a new job or a transfer to a new location for your present employer. To qualify for the deduction, your new work location must be a sufficient distance from your old home and you must begin working shortly after you arrive. Beginning in 2018, the moving expense deduction is only available to certain military personnel.

topic Should I declare moving expenses?I live with my parents since they had an apartment, and I helped them purchase a house which is just 5 miles away from the apartment. in Investors & landlords

Should I declare moving expenses?I live with my parents since they had an apartment, and I helped them purchase a house which is just 5 miles away from the apartment.

No; those expenses are not deductible. For years prior...