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Posted by Bill Brown on February 17, 2008, 10:28 am
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> A cross country move was completed in late November 2007. Easily
> meets (or will meet) the time and distance tests. Some of the
> expenses were paid by December 31, others were not paid, or even
> invoiced, until after January 1.
>
> Is the moving expense deduction limited to only those costs paid in
> full in 2007 or can the 2008 payments be included? Otherwise, is the
> moving expense deduction taken in both 2007 and 2008 for the costs
> actually paid in those years?
Qualified moving expenses are deducted, by a cash basis taxpayer, in
the year paid no matter when the move occurred.
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