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IRA for members of the clergy
I have searched the web for a definitive framework for a member of the clergy and a traditional IRA. I agreed to do a return to help a member of the clergy, Turbotax is not getting the answer that I expected for his maximum.
He has a wage, an excess housing allowance which is considered earned income, and a schedule C profit (see publication 451). I expected to find this total on the IRA work paper, but instead, TurboTax only allowed the excess housing allowance as eligible for the IRA.
Any ideas?
‎February 22, 2023
6:44 AM