Moving deductions
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Donald takes a new job and moves to a new residence. The distances are as follows:
Old residence to new job 70 miles
Old residence to old job 8 miles
By how many miles does the move exceed the minimum distance requirement for the moving expense deduction?
A. 12 miles
B. 20 miles
C. 62 miles
D. None of the above is correct.
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Solution Summary
This solution shows how to calculate the minimum distance requirement for the moving expense deduction. The appropriate income tax code is also referenced. The answer is provided along with an explanation, to determine by how many miles Donald's move must exceed the minimum distance requirement.
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The correct answer is A.
As per the IRS, the new workplace must be at ...
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