- 4 - $8,352.39 in relocation benefits directly or indirectly from PSI as a result of his transfer from Bloomington to Kokomo. Included in the amount of relocation benefits received by petitioner were the following items: Amount paid to third party for transportation and storage of household goods and personal effects $1,247.25 Amount paid to petitioner for lodging incurred in his move from Bloomington to Kokomo 22.60 Amount paid to petitioner for expenses incurred in selling, buying, or leasing a residence 416.68 The entire amount of the relocation benefits received by petitioner in 1991 was included in his Form W-2 wages and reported on petitioners' 1991 return. On their 1991 return petitioners claimed an itemized moving expense deduction in the amount of $3,897.18 computed as follows: Transportation and storage expenses in moving household goods and personal effects $1,247.252 Travel, meals and lodging expenses in moving from old to new residence 298.25 Pre-move travel, meals, and lodging in looking for a new residence after getting a job incurred from 1/1-1/31/91 1,344.00 Expenses of settling an unexpired lease 412.68 2This amount was paid directly by PSI to third parties on petitioner's behalf.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011