Problem 9-39 (Algorithmic) (LO. 4) Caden, a financial planner, decides to quit h

Question

Problem 9-39 (Algorithmic) (LO. 4)

Caden, a financial planner, decides to quit his job with an investment bank in Charleston, South Carolina, and establish a private practice in Santa Fe, New Mexico. In connection with the move in 2015, he incurs the following expenses:

How much of these expenses, if any, can Caden deduct?

If an amount is zero, enter "0".

If required, round your answers to the nearest dollar.

Moving van charge $6,300 Lodging during move 695 Meals during move 320 Loss on sale of residence in Charleston $10,600 Mileage for personal autos 3,240 miles

Explanation / Answer

Particulars $Amount Moving van charge 6300 Lodging during move 695 Meals during the move 0 Loss on the sale of his residence 0 Mileage for personal autos (3240 x $0.19) 615.6 Total deduction 7610.6

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