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Posted by chris on March 19, 2007, 2:42 am
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> NYCgym...@gmail.com wrote:
>> I looked through a few of the previous posts, but I am still
>> stuck... my employer listed my relocation payments to a
>> third party as income on my W2 in box 1. There is nothing
>> listed in box 12 as mentioned in other posts. the money was
>> not grossed up - and its pushing me into a higher tax
>> bracket. Am I able to deduct this income as moving expenses?
>> I dont feel like this is pure income to me that I should pay
>> taxes on - I never saw this money, it was never actually
>> paid to me - I never even saw an invoice.
>>
>> Any help is appreciated. by the way, I moved over 1500
>> miles, so I pass the distance test if that matters.
> Your legitimate moving expenses are deductible on form 3903,
> as the payments your received from the employer were not
> reimbursements but treated as additional wages. See the
> instructions for the above form and Pub 521 for additional
> information on what moving expenses are deductible.
thank you to all who posted a reply to my question.
i really appreciate your feedback and advise. the responses
help point me in the right direction, and also allowed me to
calm down a bit as i was getting a little nervous on the tax
impact of all this. thanks again !!!
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