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Where to record retired clergy housing allowance self employment exclusion?
Per https://www.ssa.gov/OP_Home/cfr20/404/404-1091.htm#:~:text=You%20must%20exclude%20any%20parsonage,ne....
404.1091. Figuring net earnings for ministers and members of religious orders.
" (c) Housing allowance when included in retirement pay. You must exclude any parsonage or housing allowance included in your retirement pay or any other retirement benefit received after retirement pursuant to a church plan as defined in section 414(e) of the Internal Revenue Code when computing your net earnings from self-employment. "
Where/how is this input? The Pension amount received is designated as housing allowance. It is therefore, by definition, NOT subject to SE tax.
404.1091. Figuring net earnings for ministers and members of religious orders.
" (c) Housing allowance when included in retirement pay. You must exclude any parsonage or housing allowance included in your retirement pay or any other retirement benefit received after retirement pursuant to a church plan as defined in section 414(e) of the Internal Revenue Code when computing your net earnings from self-employment. "
Where/how is this input? The Pension amount received is designated as housing allowance. It is therefore, by definition, NOT subject to SE tax.
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‎December 15, 2023
7:25 PM