As to Meeting the Time Test for Purposes of Deducting

question 49

Multiple Choice

As to meeting the time test for purposes of deducting moving expenses,which of the following statements is correct?

• A)Work at the new location need not involve a full-time job-part-time job will suffice.
• B)The taxpayer has two years in which to satisfy the 39-weeks or 78-weeks requirement.
• C)The time test is waived for persons whose move follows retirement.
• D)The moving expense deduction can be claimed even though the taxpayer has not yet met the time test.
• E)None of the above.

---

Definitions:

Cross-sectional

An observational study method that examines data collected from a population or a segment that represents the broader group during a particular moment.

Different Ages

Refers to varying stages of life or periods of time characterized by distinct physical, psychological, or social characteristics and experiences.

Investigator

A person who conducts research or carries out an inquiry, especially in a scientific or academic field.

Longitudinal

Longitudinal studies involve repeated observations of the same variables, such as people, over short or long periods of time to detect patterns, causes, and effects.