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Old 06-05-2007, 07:20 PM
ed
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Default Re: writing off apartment rent if work requires me to move temporarily

mauig...[at]gmail.com wrote:

- quote -

> If my work requires me to work in a city other than my
> primary residence for an extended period of time & i need to
> rent an apartment ...can i write off that apartment?


Yes, you can write of the apartment rent, but also virtually
every expense you incur there, including food, laundry,
commuting, telephone, etc. If you're on schedule C they
are direct deductions. If as an employee on Schedule A with
a 2% of AGI deductible.

ed

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #2  
Old 06-05-2007, 07:20 PM
Arthur Kamlet
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Default Re: writing off apartment rent if work requires me to move temporarily

<mauigeek[at]gmail.com> wrote:

- quote -

> If my work requires me to work in a city other than my
> primary residence for an extended period of time & i need to
> rent an apartment ...can i write off that apartment?


Maybe, if your employer assigns you to an out of town job
that

i) is expected to last less than one year and

ii) does last less than one year,

then your reasonable, ordinary and necessary temporary
living costs may be deducted.

--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

<< ------------------------------------------------------- > << 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 06-05-2007, 07:20 PM
Paul Thomas, CPA
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Default Re: writing off apartment rent if work requires me to move temporarily

<mauigeek[at]gmail.com> wrote

- quote -

> If my work requires me to work in a city other than my
> primary residence for an extended period of time & i need to
> rent an apartment ...can i write off that apartment?


The extended period of time needs to be less than 12 months
for you to deduct it as temporary quarters, etc. You
probably need to keep your current place too, as that helps
prove that you intend to return to it after the temporary
job is finished.

--
Paul A. Thomas, CPA
Athens, Georgia

<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
 
Old 06-05-2007, 07:20 PM
Condor
Guest
 
Posts: n/a
Default Re: writing off apartment rent if work requires me to move temporarily

- quote -

> If my work requires me to work in a city other than my
> primary residence for an extended period of time & i need to
> rent an apartment ...can i write off that apartment?


Possibly. IRS recently made it a bit easier to deduct
temporary lodging expenses while traveling in connection
with one's trade or business. See IRS Notice 2007-47,
issued May 23, 2007.

http://www.irs.gov/pub/irs-drop/n-07-47.pdf

Condor

<< ------------------------------------------------------- > << 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 06-04-2007, 02:30 AM
mauigeek@gmail.com
Guest
 
Posts: n/a
Default writing off apartment rent if work requires me to move temporarily

If my work requires me to work in a city other than my
primary residence for an extended period of time & i need to
rent an apartment ...can i write off that apartment?

<< ------------------------------------------------------- > << 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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apartment, move, rent, requires, temporarily, work, writing
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