My question : I moved from Calgary to Toronto in November 2023.1) My house in Calgary was sold in Jan 2024, my new house in Toronto was purchased in Feb 2024. Should I claim my moving expense in 2023 tax year or 2024 tax year? Regarding my case, can I claim the fee related to selling the house and maintaining the vacant house in Calgary. My move and related expenses straddle two tax years. 2) When should I report the purchasing my house in Calgary? 2023 tax year or 2024 tax year?
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1 Replies
TurboTaxSusan
Moderator
Apr 14, 2024 3:27:28 PM
You can claim eligible moving expenses that you paid in 2023 on your 2023 return, and expenses paid in 2024 on your 2024 return.
You don't need to report the purchase of your new home until you sell it.