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Financial Planning / Tax Strategies


Subject:  Re: Moving expenses Date:  1/30/2007  1:00 PM
Author:  TMFPMarti Number:  91500 of 130893

I am self employed, and move myself and my home based business from California to Maine last year.

My understanding is that if you're an employee of a company that moves across country and you follow your moving expenses. What I'm not sure of is if you move your own business across country, does that qualify?

Yes, but the "time" test is lengthened. See IRS Publication 521.

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