Employer paid for my move. The gross up amount on my paycheck is $39000 included inW2 Box 1. There is no P code in box 12. Can I claim on the moving expense part 39K?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Employer paid for my move. The gross up amount on my paycheck is $39000 included inW2 Box 1. There is no P code in box 12. Can I claim on the moving expense part 39K?

 
1 Reply
Intuit Alumni

Employer paid for my move. The gross up amount on my paycheck is $39000 included inW2 Box 1. There is no P code in box 12. Can I claim on the moving expense part 39K?

Yes, you can deduct eligible reimbursed moving expenses that are shown in box 1 of your W-2.  These will be claimed on Form 3903, Moving Expenses.  Code “P” in box 12 wouldn’t be relevant, anyway, since that would represent fringe benefits that aren't deductible.

Since your employer reimbursed the expenses, they’re almost surely “qualified” expenses, but you might look at the TurboTax article IRS Moving Expense Deductions to verify.

To enter your job-related moving expenses in TurboTax,

1.       Open (continue) your return, if it isn’t already open.

2.       Inside TurboTax, search for “3903”, then click the "Jump to" link.

3.       Answer Yes to “Did you have any work-related moving expenses?”

4.       Follow the onscreen instructions.


Dynamic Ads
v
Privacy Settings