Deductions & credits


@sbanbahj wrote:

so they issued A CORRECTED 1099nec that says nothing in box 1. do i still file it w my other income?how do i proceed


The only difference is that you ignore the last 3 paragraphs of my instructions.  You must still report the total housing allowance amount as a housing allowance and pay self-employment tax.  Even though the housing allowance is exempt from income tax, it is not exempt from self-employment tax.

 

You should read this

https://www.irs.gov/forms-pubs/about-publication-517

 

and this

https://www.ecfa.org/ProductDownload.aspx?ProductID=361

(ECFA is a good organization, your denomination may arleady have a membership, if not, it's worth registering.)