Question
In: Accounting
Each of the following moves represent a permanent change of station EXCEPT: A. A move from...
Each of the following moves represent a permanent change of station EXCEPT:
A. A move from oe permanent post of duty to another
B. A move from last post of duty to the taxpayer's home within one year of the end of the taxpayer's active duty
C. A move from the taxpayer's home to the first post of active duty.
D. A move from the last post of duty to the taxpayer's home 18 months after the end of the taxpayer's active duty.
Solutions
Expert Solution
Answer: D. A move from the last post of duty to the taxpayer's home 18 months after the end of the taxpayer's active duty.
Explanation:
As per IRS, deduction on moving expenses due to permanent change of station is eligible for the members of the Armed Forces.
The following situations represent a permanent change of station :
- When the taxpayer moves from his / her home to the first post of active duty.
- When the taxpayer moves from his / her permanent post of duty to another
- Withing 1 year of the end of the active duty, the taxpayer moves to his / her home from the last post of duty.
Thus the option (D) given in the question does not qualify for permanent change of station.
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