On December 15, 2019 at the request of her employer Ms. Marilyn Peterson moves from...
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On December 15, 2019 at the request of her employer Ms. Marilyn Peterson moves from Saskatoon to Edmonton. She incurs cost to move her personal possessions, cancel her lease in Saskatoon and legal fees to buy a new home in Edmonton. Her employer is prepared to pay $2,000 towards the cost of her move. Each of her expenses is greater than $2,000.
Required:
What cost should her employer reimburse her for and explain how your choice will help Ms. Peterson maximize her moving expense deduction. Answer Below.
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