I am moving my business 100 miles from where I am now. But I'll move with it. That means, some private stuff is moved too? How can I calculate this?
How much can I deduct from the taxes and what kind of costs can I deduct? Costs of van, gasoline, packers? Something else? Thanks for your advice.
Konstantin
Personal moving expenses are reported on Form 3903, which then transfers to line 26 of Form 1040 as an adjustment to income. The instructions for filling out the form list the sort of expenses that are allowed. No meal costs are allowed. Business moving expenses are reported on your business tax return (Schedule C, partnership return, or corporation return).
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