I have a Military client who received a W-2 for moving expenses with taxable wages in box 1. He had a small amount in Box 12 with code P. Can he use the taxable wages as a moving expense deduction?
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If the military included those as taxable wages but excluded an amount with Code P, there are two possibilities:
If it's the latter, you will need to determine the amount of qualified moving expenses your client actually incurred (but not already excluded) so that you can take a deduction on the return.
I'm thinking this was a DITY move. See Pub 521 for military rules.
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