Students can only deduct moving expenses from the taxable portion of their awards (scholarships, fellowships, bursaries, certain prizes, or research grants), or from their employment income earned at the new location.
How to claim on TurboTax online:
If your moving expenses total more than the income you earn at your new location, TurboTax will carry the leftover amount forward so that you can claim it in a future tax year. You can see this amount in the Review section of TurboTax.
For more information please see our TurboTax FAQ: How do I claim moving expenses in TurboTax?
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