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I had to move for work and didn't have the money so I took out a loan can I claim this as a moving expense?

I took out a loan to pay for moving expenses the loan was 2000 and I had to pay back 2600? Can I claim that?
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PatriciaV
Employee Tax Expert

I had to move for work and didn't have the money so I took out a loan can I claim this as a moving expense?

Yes, you may be able to deduct your actual, paid moving expenses if you qualify (see below). Enter these under Deductions & Credits >> Other Deductions & Credits >> Moving Expenses. Click the blue links (like "Learn More") for more information.

https://ttlc.intuit.com/replies/3302201

The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "moving expenses", hit Enter, and click on  "jump to moving expenses" to go directly to beginning of this topic.

Or go to My Account >> Tools >> Topic Search. Type in "moving expenses", then click the topic in the list to go directly to the start of this section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PatriciaV
Employee Tax Expert

I had to move for work and didn't have the money so I took out a loan can I claim this as a moving expense?

Yes, you may be able to deduct your actual, paid moving expenses if you qualify (see below). Enter these under Deductions & Credits >> Other Deductions & Credits >> Moving Expenses. Click the blue links (like "Learn More") for more information.

https://ttlc.intuit.com/replies/3302201

The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "moving expenses", hit Enter, and click on  "jump to moving expenses" to go directly to beginning of this topic.

Or go to My Account >> Tools >> Topic Search. Type in "moving expenses", then click the topic in the list to go directly to the start of this section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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