Feeling a little brain-dead and just wanted to confirm:
Client moved due to his job and company paid his closing costs and points of new mortgage. Company added relocation income to box 1 of W-2.
Points are still deductible by client being he was taxed on this income, correct??
Client can deduct his mileage to new home and expenses incurred due to specific move being company added to box 1 of W-2, and did not exclude moving expenses from income and put in box 12, correct?
Thanks for your clarification.
Client moved due to his job and company paid his closing costs and points of new mortgage. Company added relocation income to box 1 of W-2.
Points are still deductible by client being he was taxed on this income, correct??
Client can deduct his mileage to new home and expenses incurred due to specific move being company added to box 1 of W-2, and did not exclude moving expenses from income and put in box 12, correct?
Thanks for your clarification.
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