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In June of 2016, Keith Silva accepts a new job with the same employer in San Diego. He formerly commuted 12 miles to a job in Canton, OH; San Diego is 2,150 miles from his old home. He incurs the following expenses in his move from Ohio in 2016:

Moving and packing charges

$4,900

Travel during the move (includes mileage at $0.19 per mile)

300

Lodging during the move

900

Meals during the move

350

Total

$6,450

Keith is not reimbursed for any of these expenses by his employer. What is the amount of Keith's moving expense deduction?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92719738

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