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Self Employed Moving Expense and Deductions

Forum|Forum|5 years ago
December 10, 2020
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Hello TurbTaxians!

My wife is self-employed and we moved from State A to State B to expand her business. While I understand moving deductions at a personal level are not deductible now, surely they are allowed for the business? Can an expert weigh in here?

Thanks!

Best answer by Critter-3

Although personal moving expense are not allowed the cost to move the business assets can be a business expense deductible on the Sch C only if they are paid/billed separately from the total cost of moving.

A

Anonymous_

Employee

For tax years 2018 through 2025, the deduction of certain moving expenses is suspended for nonmilitary taxpayers. In order to deduct certain moving expenses, you must be an active member of the military and moving due to a permanent change of duty station.

See https://www.irs.gov/pub/irs-prior/p521--2018.pdf

Critter-3Answer

Although personal moving expense are not allowed the cost to move the business assets can be a business expense deductible on the Sch C only if they are paid/billed separately from the total cost of moving.

A

AZMavDadAuthor

Thank you - so just speaking in general terms. If part of our move was her stuff and that amounted to $8,000 of cost, I can write that off on Schedule C. Right?