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EricVB1
New Member

Can I deduct moving expenses paid by my company and included in box 1 of my W2, if I didn't pay anything out of pocket?

My company paid for me to move across the country for a job. They paid for $7800 of taxable moving expenses that are included in box 1 of my W2. I didn't pay for any of those costs out of pocket. Can I deduct the $7,800 as moving expenses as long as they meet the standard costs eligible for deduction?
1 Reply
SejlaK
New Member

Can I deduct moving expenses paid by my company and included in box 1 of my W2, if I didn't pay anything out of pocket?

Is there code "P" in box 12? Depending on that, you may or may not deduct moving expenses paid for by the employer.

Please see the below for more information:

https://ttlc.intuit.com/replies/4559211

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