Question

Problem 4-7 Moving Expenses (LO 4.5) In June of 2017, Keith Silva accepts a new job with the same employer in San Diego. He formerly commuted 12 miles to a job in Canton, OH; San Diego is 2,150 miles from his old home. He incurs the following expenses in his move from Ohio in 2017: Moving and packing charges $5,100 Travel during the move (includes mileage at $0.17 per mile) 300 Lodging during the move 900 Meals during the move 350 Total $6,450 Assume Keith's employer reimburses him $4,200 for the move. Go to the IRS website (www.irs.gov) locate the most recent interactive "Fill-in Forms" Form 3903, Moving Expenses. Complete and then print out Form 3903. Check with your instructor to see if you are required to submit the completed form. Based on the completed form, answer the following: On Form 3903, line 4, $

Answer 1

Answer: Please note we have not considered $350 expense of meal during moving since It's non-Deductible expenses . And here 2,150 miles is for Old home to new work palce is an Distance test Requirements. Here keith sliva moving expenses deductions .

1.Moving and packing charges = 5100

2.Lodging during the move = 900

3.Travel during the move (300*0.17)= 51

Here in form:3903 Line nub 2 (900+51)=951 (Lodging+Travel during move).

And $4200 Keith employer reimburses we have considered on from:3903 line nub 4.

Since Keith's moving expenses deduction is $1851 on form:3903 lin nub 5.