NotSoFair
Established Member
Joined: Dec 26, 2010 22:02:59 GMT -5
Posts: 426
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Post by NotSoFair on Nov 20, 2011 8:59:16 GMT -5
My employer reimbursed a portion of relocation expenses this year, how ever it has not gone through payroll and no tax was taken on this. I am not sure if they will report it on W-2. If they don't, do I have to report this reimbursed portion on 1040? If so, where would that be?
Thanks
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Nov 20, 2011 9:21:46 GMT -5
you would decrease any amount of allowable moving expenses.
So, if you had qualified tax deductible moving expenses of say 1,000 and you provided proper documentation of these to your employer and your employer then reimbursed you 600 of it as a tax free benefit, then you could only deduct 400 as moving expenses.
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NotSoFair
Established Member
Joined: Dec 26, 2010 22:02:59 GMT -5
Posts: 426
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Post by NotSoFair on Nov 20, 2011 9:24:16 GMT -5
Oh.. ok. Thanks.
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