Madeline Monteith is a Staff Sergeant in the U.S. Marine Corps. In March of 2023, her duty station changed from Camp Pendleton in California to Camp Lejeune in North Carolina. She drove 2,643 miles and spent $1,150 to move her household items. Madeline also incurred closing costs of $1,040 when she sold her home in her former city. She received this Form W-2 reporting her moving expense reimbursement. Choose the response that correctly identifies the amount of Madeline's moving expense deduction.

Madeline Monteith is a Staff Sergeant in the U.S. Marine Corps. In March of 2023, her duty station changed from Camp Pendleton in California to Camp Lejeune in North Carolina. She drove 2,643 miles and spent $1,150 to move her household items. Madeline also incurred closing costs of $1,040 when she sold her home in her former city. She received this Form W-2 reporting her moving expense reimbursement. Choose the response that correctly identifies the amount of Madeline's moving expense deduction.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 22MCQ

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