ks: Is hotel stay for a couple of months during job relocation a taxable expense ?
I will be relocating to a different state. I am planning to stay in a hotel for a couple of months while I house hunt. Is this expense a taxable expense ? If I were to get a lump sum reimbursement from the new employer – would the lump sum be taxed ?
Answers and Views:
Answer by wohoozit
This is not a tax deduction your Moving expenses are ie: moving van,percentage of gas.You can use your hotel room as “office space” and THEN you can take a percentage off as a tax deduction,but you will have to measure the entire room as well for reference.To be considered office space it must be a valid port of call to your business,I suggest pending on your type of work,to take client calls via hotel room phone,and do paperwork @ night,this will save you a lot of money.
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