Camellia, an accountant, takes a new job located 1,000 miles away from her current job...
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Accounting
Camellia, an accountant, takes a new job located 1,000 miles away from her current job location. She has to pay a moving company plus the transportation costs for herself to move to the new location, totaling $6,000. After she submits all the receipts, the new employer reimbuses her in full. Camellia will treat the reimbursement and the moving costs as follows:
A. reimbursementminusexclude from income; moving expensesminusdeduct
B.reimbursementminusinclude in income; moving expensesminusdeduct
C.reimbursementminusinclude in income; moving expensesminusno deduction allowed
D.reimbursementminusexclude from income; moving expensesminusno deduction allowed
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