In Order to Meet the Time Test for Qualifying Moving

question 30

Multiple Choice

In order to meet the time test for qualifying moving expenses,a taxpayer must:

• A)Be a full-time employee for a period of 39 weeks during the 12 months following arrival in the new area.
• B)Be a self-employed individual for at least 78 weeks during the 24 months immediately following arrival in the new area.At least 39 of the 78 weeks must be during the first 12-month period.
• C)Remain employed only in the initial new job for the entire 39 or 78 week period.
• D)Be a full-time employee for a period of 39 weeks during the 12 months following arrival in the new area or be a self-employed individual for at least 78 weeks during the 24 months immediately following arrival in the new area.At least 39 of the 78 weeks must be during the first 12-month period.

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Definitions:

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