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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 19, 1986

Page

2

Moving expenses and tax adjustments for relocations

Tax tips explain moving expenses as income adjustments that reduce AGI. Qualifiers include distance and time tests for employees or self employed movers. Direct costs are deductible with $3,000 limit on indirect expenses. house hunting, temporary living quarters, and selling costs are addressed with limits and tax planning guidance.

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