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A Moving Expense Deduction Is Allowed Even If at the Time

question 113

True/False

A moving expense deduction is allowed even if at the time of the move the taxpayer did not have a job at the new location.

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Definitions:

Current Prices

Prices of goods and services measured during the current year or period, not adjusted for inflation.

Technology

The use of scientific expertise to achieve practical goals, particularly within industrial sectors.

Minerals

Naturally occurring, inorganic substances with a definite chemical composition and physical properties, found in the earth’s crust.

Reserves Available

The quantities of resources or commodities in storage or available for use.

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