The Govt paid everything up front, but I did incur over $3,000 in hotel lodging costs out of the $4,100 temporary quarters allowance. Can this ~$3,000 be claimed?
NO it cannot.... this is non deductible personal expenses
I also sold my home two months prior to moving and I paid reator fees of $7,000, can this be claimed?
NOAlso paid 3 months of temporary storage rental that was not reimbursed; can this be claimed?
No
I will have "earned" more because of the additional $$ that I got that is considered taxable (but was offset by the Withholding Tax Allowamce that paid me back for hopefully most of this, figured off of IRS tax table).
It will balance out.
I will apparently get a separate PCS W2 that includes the taxable portions the Govt paid.
Yes you will, remember to wait for it.
Am I missing something? I always heard that a PCS move helped you tax wise but I'm not seeing how because I dont see what I can claim since everything was reimbursed by Govt.
The allowed moving expense deductions (not all of what the gov paid will be deductible) is handled in the deductions portion of the program... follow the interview carefully.
Moving expenses are
limited to -
the cost of transportation of your household goods and family effects,
travel costs (including lodging but not meals) of you, your spouse and your
dependents while en route
the cost of storing and insuring household goods and personal effects within
any period of 30 consecutive days after the day your things are moved from your
former home and before they are delivered to your new home.
(Different storage rules apply to a foreign move.)
You cannot deduct the following items as moving expenses.
·
Any part of the
purchase price of your new home.
·
Car tags.
·
Driver's license.
·
Expenses of buying or
selling a home (including closing costs, mortgage fees, and points).
·
Expenses of entering
into or breaking a lease.
·
Home improvements to
help sell your home.
·
Loss on the sale of
your home.
·
Losses from disposing
of memberships in clubs.
·
Mortgage penalties.
·
Pre-move house hunting
expenses.
·
Real estate taxes.
·
Refitting of carpet
and draperies.
·
Return trips to your
former residence.
·
Security deposits
(including any given up due to the move).
·
Storage charges except
those incurred in transit and for foreign moves. "In transit"
includes any 30 day period including the day of the move.
·
Temporary lodging at
the new residence location
See IRS Publication 521 on moving expenses here: http://www.irs.gov/publications/p521/ar02.html#en_US_publink100043359
