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Old 05-11-2007, 03:34 AM
bono9763@yahoo.com
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Default Re: Deducting moving expenses?

Konstantin Solomon <KonstantinSolo...[at]moscowmail.com> wrote:

- quote -

> 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?


Personal moving expenses are reported on Form 3903, which
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  
Old 05-09-2007, 07:54 PM
Konstantin Solomon
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Posts: n/a
Default Deducting moving expenses?

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. > << ================================================== ===== >
 

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