Custom Search

09 Oktober 2008

[taxchat] Parsonage allowance - Retired Preacher

Hi all,

I really need some input please on where to input in ATX. I have
loaded the clergy worksheet to calculate the % of business and
professional expenses that can be deducted based upon the % of
earned income to tax-free income.

The paster is retired so housing allowance is part of his 1099-R and
not subject to SE tax. When I use the clergy worksheet, I must load
the allowance on worksheet 1 in order to calculate % for expenses
BUT this carries to worksheet 4 and claculates self-employment tax
which it should not.

What am I doing wrong? I have spent way too much time on it and
pretty fustrated.

Thanks,

Laurie

__._,_.___
IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Cat Fanatics

on Yahoo! Groups

Find people who are

crazy about cats.

Women of Curves

on Yahoo! Groups

A positive group

to discuss Curves.

.

__,_._,___
Custom Search