Generally, any amount that you are paid by an employer for moving expenses
is considered to be taxable income
, unless that amount was paid to you under an accountable plan. An accountable plan is one where you actually provide the employer with a detailed accounting
of moving expenses which you incurred, and you are reimbursed for that amount only. If the employer strictly paid you a flat amount as a bonus for having to relocate, then the entire amount is reported as taxable income.
You may, however, deduct some of your expenses related to the move, if the move was made in connection with your employment, and was made within one year of the new employment taking effect. Your deductions
would include such things as the cost of moving your belongings to your new home, travel (including lodging but not meals) to your new home. You can deduct the cost of storage for up to 30 days and the cost of disconnecting utilities.
However, you cannot deduct some of the expenses which you have mentioned, such as the loss on the sale of your home, or the cost to rent an apartment until your home was sold.
I am giving you a link to a section of the IRS
website which details which moving expenses in connection with new employment are deductible
on your return
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