- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
813000 is the correct code for entering the housing and allowance. To enter the housing and allowance you will still go through the Schedule C if you did not receive a W-2. Follow these steps to enter the housing and allowance:
- Select Business
- Click Add a business
- Enter the 813000 code
- Select I need to pay self-employment tax on this income.
- Enter your housing allowance or parsonage (see screenshot below)
- Continue interview questions to report ministry income and expenses
Generally, a love offering will not be tax-deductible to the giver. When the giver knows that a gift will go to a specific person, the tax law treats the gift as if it were being made to the specific person. It will be nondeductible, even when handled through a church. You don't need to report the gift as income on your tax return.
See link below for more information on love offerings:
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 29, 2023
9:23 AM