If you moved to a new home in Snohomish or King County Washington because of a new job or a job transfer, you may qualify for a moving expense deduction. The distance between the old home and the new job must be at least 50 miles more than the distance between the old home and the old job. The location of the new home is not considered.

Whether you're a homeowner or renter, you can deduct the cost of moving household goods and the direct cost of moving you and your family. You can also deduct expenses for lodging - but not meals - during the move.

Hint: While realty commissions, lawyers' fees and other closing costs are no longer deductible as moving expenses, these costs can reduce capital gains by adding to the cost basis or reducing the adjusted sales price. See IRS Publication 530, "Tax Information for First-Time Homeowners."

Buying, Selling, Relocating please check us out at www.ThatHomeZone.com or please feel free to e mail us anytime about anything in the Washington real estate market.

Todd Hueffed

www.ThatHomeZone.com in partnership with Keller Williams North Seattle