- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I'm new to TurboTax and failed to successfully complete my 2020 taxes. I am a minister who receives a W2 in which box 14 shows my Housing Allowance. I import all my documents electronically, including W2, so this amount in imported. TurboTax later asks for the Housing allowance and for actual expenses. Total income is correctly calculated, excluding actual housing expenses. But line 2 on Schedule SE, showing gross income for SE purposes, is inflated: it contains double my housing allowance, i.e. it is over what it should be (already including the full allowance) by the full amount of the allowance. I've tried every suggestion online to resolve this, without success. I've tried entering the allowance as a negative value for line 21, and I tried deleting the W2 box 14 amount, but neither changed the SE income (SE line 2; I save the TT file to pdf so I can go in and look at the generated tax forms). I ran out of time and did my taxes the old way with printed forms. But I would like to resolve this in TurboTax so I'm not caught out next year. At wit's end.