Question

Liam just graduated from college. Because it is his first job, the cost of moving his personal belongings from his parents' home to the job site does not qualify for the moving expense deduction.

a. True
b. False

Answer 1

The cost of moving Liam's personal belongings from his parents' home to the job site does not qualify for the moving expense deduction.

Step-by-step explanation:

The answer is b. False. The moving expense deduction allows individuals to deduct the costs of moving their personal belongings associated with starting a new job, as long as certain requirements are met. However, in this case, the cost of moving Liam's personal belongings from his parents' home to the job site does not qualify for the deduction because it is his first job.