The National Directory of Certified Public Accountants

Ask A CPA - Losses

Is The Reimbursement For The Loss On The Sale Of My House Due To My Moving To A New Job Location Taxable?

Yes. The IRS considers the reimbursement amount taxable wages and it should be included on your W-2. It will be reportable on IRS Form 1040 line 7 as wages.

If you need professional help with "Losses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.