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    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.

    © BrainMass Inc. brainmass.com June 4, 2020, 4:02 am ad1c9bdddf
    https://brainmass.com/business/accounting/moving-deductions-546938

    Solution Preview

    The correct answer is A.

    As per the IRS, the new workplace must be at ...

    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.

    $2.19

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