If you received a W2 for unused parsonage so that it can be included in your gross income, you must decrease the amount in the TurboTax entry so that you are not double taxed.
The Internal Revenue Code provides clergy with an exclusion from gross income commonly known as the “housing/parsonage exclusion.” Section 107 of the Internal Revenue Code reads as follows:
In the case of a minister of the gospel, gross income does not include:
1. The fair market rental value of a church-owned home provided as part of his compensation
2. The part of his compensation designated as housing allowance, to the extent used by him to rent or provide a home.
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