Question

True or False - Sick of her 65-mile daily commute, Edna purchases a condo that is only four miles from her job. Edna's moving expenses to her new condo are not allowed and cannot be claimed by her as a deduction.

Answer 1

False. Edna's moving expenses can be claimed as a deduction.

Step-by-step explanation:

False. Edna's moving expenses to her new condo are allowed and can be claimed by her as a deduction. According to the U.S. Internal Revenue Service (IRS), moving expenses can be deducted if the move is closely related to the start of work at a new job, the distance test is met (the new job location must be at least 50 miles further from the old home than the old job location was), and the time test is met (the taxpayer is required to work full-time for at least 39 weeks during the first 12 months after the move). Internal Revenue Service (IRS), moving expenses can be deducted if the move is closely related to the start of work at a new job.