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tsense
New Member

I was payed moving expenses this year, and was given a 'grossed up' amount for temporary living expenses. Do I enter the grossed up amount or full amount?

 
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1 Reply
Anita01
New Member

I was payed moving expenses this year, and was given a 'grossed up' amount for temporary living expenses. Do I enter the grossed up amount or full amount?

It depends on where the amounts are showing.  Anything included in Box 1 of your W-2 should be left there.  The total grossed up amount is taxable on your W-2.  

If you have an amount showing as moving expenses with a code of P in Box 12, you need to go to moving expenses to enter the eligible moving expenses paid in order to make that amount tax-free.  

If the moving expenses were just included in box 1 of your W-2, you can fill out the same moving expense form to get the deduction for moving expense.  None of the temporary living expenses are deductible except for one day of hotel stay after arrival at the new location.


To fill out moving expenses, type the words moving expense in the Find window on the upper right, hit enter,then the Jump To.


Basically , the amount for living expense should already be included in Box 1 of your W-2 so nothing additional needs to be done with it.


Moving expenses should be recorded under moving expense and whether you receive a deduction for it will depend on whether you enter a reimbursement amount or not.

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