In May 2020, Regina graduated from the Air force Academy with a degree in aeronautical engineering and was assigned to Homestead, Florida. as a permanent duty station. In her move to Homestead, Regina incurred the following costs: $525 in gasoline. $295 for renting a truck from UPAYME rentals. $130 for a tow trailer for her car. $115 in food. $40 in double espressos from Starbucks. $390 for motel lodging on the way to Homestead. $510 for a previous plane trip to Homestead to look for an apartment $235 in temporary storage costs for her collection of crystal figurines Required: If the government reimburses her $900, how much, if any, may Regina take as a moving expense deduction on her 2020 tax return? Moving expense doduction

In May 2020, Regina graduated from the Air force Academy with a degree in aeronautical engineering and was assigned to Homestead, Florida. as a permanent duty station. In her move to Homestead, Regina incurred the following costs: $525 in gasoline. $295 for renting a truck from UPAYME rentals. $130 for a tow trailer for her car. $115 in food. $40 in double espressos from Starbucks. $390 for motel lodging on the way to Homestead. $510 for a previous plane trip to Homestead to look for an apartment $235 in temporary storage costs for her collection of crystal figurines Required: If the government reimburses her $900, how much, if any, may Regina take as a moving expense deduction on her 2020 tax return? Moving expense doduction

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 35P

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