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posted Jun 1, 2019 8:07:44 PM

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.

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Level 15
Jun 1, 2019 8:07:45 PM

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-reform