| | |||
| |||
| Konstantin Solomon <KonstantinSolo...[at]moscowmail.com> wrote: - quote - > I am moving my business 100 miles from where I am now. But
Personal moving expenses are reported on Form 3903, which> I'll move with it. That means, some private stuff is moved > too? > How can I calculate this? > How much can I deduct from the taxes and what kind of costs > can I deduct? Costs of van, gasoline, packers? Something > else? then transfers to line 26 of Form 1040 as an adjustment to income. The instructions for filling out the form list the sort of expenses that are allowed. No meal costs are allowed. Business moving expenses are reported on your business tax return (Schedule C, partnership return, or corporation return). << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
| |||
| |||
| I am moving my business 100 miles from where I am now. But I'll move with it. That means, some private stuff is moved too? How can I calculate this? How much can I deduct from the taxes and what kind of costs can I deduct? Costs of van, gasoline, packers? Something else? Thanks for your advice. Konstantin << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| deducting, expenses, moving |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Deducting travel expenses Alexander Miha: First, sorry for the naive question, any input from the wise is appreciated! I am married and work at a university in Boston, where we live.... | Taxes | 1 | 10-30-2006 06:31 AM | |
| Deducting medical expenses Ted: My medical expenses are in excess of 7.5% of my income. However I also have self employment income that will cover most of my medical expenses. ... | Taxes | 1 | 03-16-2006 06:38 AM | |
| deducting travel expenses for an LLC & S-corp. Laurence Tureaud: hello net tax heads - I'm trying to choose the best form of corp. entity and one thing I'm weighing is tax effeciency. I'm a one man shop & i... | Taxes | 1 | 06-25-2004 05:47 PM | |
| Thread Tools | |
| Display Modes | |
| |