Moving expenses

2 replies
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Moved from CA to Tx June 1, 2023. Im self emplyed as a realtor/broker. plus side hustles. looking to xpand my opportunties in texas which is growing tremendously. . Can i deduct all moving expenses?

Ask the Experts - SelfEmployed - Feb 2024

xmasbaby0

Level 15

Per the tax laws that changed for 2018 and beyond, moving expenses are not deductible on a federal return except for certain active duty members of the military.

There are several states that allow a deduction for moving expenses on the state return: AZ, AR, CA, HI, IA, MA, MN, NJ, NY, PA and VA You can enter your moving expenses in the federal software and the information will flow to your state return.

**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.**

RobertB4444

Alumni - Intuit

You can deduct moving expenses for your business. But only for your business. Personal moving expenses are not deductible.

This may be very tricky for you since you have already made the move. You will have to figure out what percentage - if any - of your moving expenses are related to moving your business across country and what percentage was personal. The business percentage is deductible as a business expense and needs to be well documented in case there are any questions later.

@JoeMal

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