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by TAHOEKID77 on August 16th, 2009

TAHOEKID77

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Confusing IRS rules regarding moving expenses. According to the rules I read, you have to stay in new residence for 39 weeks. However, they also talk about taking the deduction in the same year as the move, which contradicts the 39 week rule.

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  • by Rinky Dinky Do on August 16th, 2009

    Rinky Dinky Do

    Yeah, if you read that stuff, you'll either start doing drugs or kill yourself.

    Remember that taxes are filed the following year for the prior year (i.e. in 2009, you'll file for 2008, etc.). So, what that essentially means is that if you moved in 2009, you'll claim them for that year but by April 15, 2010 (confusing I know but consider the source). By that time, you should have met that requirement, if you moved towards the end of the year (Dec.) you'll know by then if you'll meet the requirement. Now, does this make any more sense or make it worse?

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