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kedney9003
New Member

I am self employed and moved in 2016. Can I deduct on 2016 return or do I need to wait some period of time.

 
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HelenaC
New Member

I am self employed and moved in 2016. Can I deduct on 2016 return or do I need to wait some period of time.

No, you don't have to wait some period of time. You may be able to deduct moving expenses in 2016 if the move:

  • Is closely related to the start of a job, and you meet certain time and distance requirements 
    (with special circumstances for military and armed forces).
  • Was to seek work and you obtained a full-time position
    (must meet certain time requirements).

Keep records of your expenses, including meals, lodging, gas, truck or trailer rental, tolls, and packing costs during the move. TurboTax will help you determine which expenses will apply to your move.


The deduction gets reported on IRS Form 3903, Moving Expenses.

To get to this section in TurboTax:

  1. Open (continue) your return in TurboTax.
  2. In the search field, search for moving expenses and then click the "Jump to" link in the search results.
  3. Follow the onscreen instructions to enter your work-related moving expenses.

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1 Reply
HelenaC
New Member

I am self employed and moved in 2016. Can I deduct on 2016 return or do I need to wait some period of time.

No, you don't have to wait some period of time. You may be able to deduct moving expenses in 2016 if the move:

  • Is closely related to the start of a job, and you meet certain time and distance requirements 
    (with special circumstances for military and armed forces).
  • Was to seek work and you obtained a full-time position
    (must meet certain time requirements).

Keep records of your expenses, including meals, lodging, gas, truck or trailer rental, tolls, and packing costs during the move. TurboTax will help you determine which expenses will apply to your move.


The deduction gets reported on IRS Form 3903, Moving Expenses.

To get to this section in TurboTax:

  1. Open (continue) your return in TurboTax.
  2. In the search field, search for moving expenses and then click the "Jump to" link in the search results.
  3. Follow the onscreen instructions to enter your work-related moving expenses.
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