Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
lataet2
New Member

Our landlord paid us to break the lease. Can moving expenses be deducted if less than 50 miles since it wasnt our choice & is the full amount they paid considered income?

The landlord decided to turn the apartment into a condo and asked us to move.  They paid a rent buy out.  Since it wasn't our choice to leave at all, are moving expenses deductible and is the full buyout considered income?  I then purchased a house and put things in storage for a few months until we closed on the house.

1 Reply
xmasbaby0
Level 15

Our landlord paid us to break the lease. Can moving expenses be deducted if less than 50 miles since it wasnt our choice & is the full amount they paid considered income?

No.  Moving expenses are not deductible on your federal return except for certain active duty members of the military.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~